Money Flows before the start of European trading

04.01.2019 / 08:35

Rating:

Traders wake up from the green light on their monitors.

After the bad ending of the old year and not the convincing start of the new one, traders will finally be able to enjoy profits from their long positions on the main stock indexes of the Old Continent. The positive development in terms of trade relations between the US and China left somewhat behind the worries about the decline in global growth (at least for the moment) and positive attitudes dominate the markets.

The United States failed to record increases, mainly because of the collapse of Apple (which has reinforced fears about the global economy), but the news that trade talks between the world's two largest economies will be held next week gives fresh hopes to investors that stocks, probably have reached their bottom and the road is one - up.

Indicative opening prices of European stock indices

UKX: 6,738 +43 points
CAC: 4,653 +37 points
DAX: 10,513 +89 points

Today, the shift in employment in Germany and the Eurozone inflation figures a little later in the session. They will give early indications of where the economy of the continent is, and are it ready for the ECB to start raising interest rates.

In the afternoon, everyone will have a look at the US payroll at 3:30 pm, followed by the first statement of Fed President Jerome Powell for the new year. Worse NFP data will mean a fall in the dollar, which will be positive for stocks and indices, and Powell's comments will be closely monitored for the future of monetary policy in the country. Everything that is not considered a hawkish commentary is expected to support the indices on their way to recovery.

Trader Aleksandar Kumanov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Money Flows before the start of European trading

London

Universal numbers