Money Flows before the start of European trading

The uncertainty of Asian traders is transferred to Europe, where major stock indices will start the session in mixed territory. After several days of mass selloffs, the indices seem to be trying to hold positions, although for the time being, it remains highly unconvincing. The major technology companies are pulling down markets, with sentiment remaining negative due to signs of slowing global growth, the trade war that distorts their sales and weighing on their balance sheets, and the fears that the Fed will continue to tighten the monetary policy, which will injurious consumer purchasing power.

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: 7,041 -4 points
DAX: 11,246 +10 points
CAC: 4,969 +5 points

Thanks to celebrating Thanksgiving in the US, expectations are for reduced trading volumes. US stocks remain closed for the day, with futures on the major stock indices there going to be part-time closing at 20:00. Since the states occupy a large percentage of trading activity, I expect trade sideways during today's session.

Photo: pixabay.com

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