Money flows before the start of European trading

After the next sale session in Asia, European markets will open with declines. The FAANG shares in the US are losing losses and are already in the sword territory. The largest shares in the technology and internet sectors continued their decline on Monday after a short recovery last week - the latest example of the heavy volatility that hit investors. So-called FAANG shares are among the losers for the session. Facebook Inc. fell 5.4 percent to its lowest level since February 2017, while Netflix Inc. lost 5.2 percent and Amazon.com down 4.6 percent. And while most of these names remain strong for the year so far - Netflix is ​​up 40% over the period while Amazon is + 30% - they have seen extreme weakness in recent weeks, with these sales generating poor quarterly results and poor prospects for future growth.

Due to the worsened sentiment, I expect a negative development of the session today.

The uncertainty surrounding Brexit weighs not only on the UK but on the whole of the EU, as a feature of free trade in the region, which may affect many companies that are important to the economy of the bloc. There has been speculation about new resignations, a new referendum and a hard Brexit, but the truth is that none of this will be certain until the time for the clinical meeting between the two countries in the December talks. For now, the only thing investors can do is to trade cautiously, and that means at best consolidation for the assets of the Old Continent.

Indicative opening prices of European stock indices:
UKX: 6.986, -9 points
DAX: 11,194, -17 points
CAC: 4,962, -12 points

picture: pixabay.com

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