Money Flows before the start of European trading

Earlier cash flows indicate a risk asset target. The futures of major European indices point to a higher opening, with volatility decreasing and defensive instruments depreciating. In the early hours before the European session, gold, the yen and the franc lost interest. Oil also likes the renewed risk and is recovering slightly from yesterday's heavy losses.

We expect cash flows to remain in risky assets today as long as the foundation maintains it. The calendar is still particularly tense today, with markets once again driven by the sentiment of trade warfare and the secondary: the Fed and the yield curve. However, the economic bulletin and the ECB and the initial requests for US aid are not to be underestimated, with markets paying attention to them, especially traders from Frankfurt to London.

Sentiment improved as the Chinese National Bank raised the yuan against the dollar again over 7 during the Asian session, stabilizing markets. In addition to the positive, China's data contributed to its results. Surprisingly against the backdrop of the trade war, Chinese exports have increased, imports have declined and the trade balance has come out positive. It seems that in July the Chinese economy had almost no difficulty in trading with the rest of the world. The next phase of the talks will be initiated in Washington next month.

Today we also expect the reports of Activison Blizzard, Kraft Heinz, News Corp, Symantec and Viacom B.

In the corporate world, Salesforce will acquire ClickSoftware for nearly $ 1.35 billion. Microsoft and Samsung with a new partnership to fully integrate MSF Office applications into Samsung's new Galaxy Note 10 phone.

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