Money Flows before the start of European trading today

Despite the positivism of the Asian Trading session, where shares in the region are trading up, European traders fail to get optimistic, and futures on major stock indices in Europe indicate a weak commencement of trade.

Indicative levels of opening of major stock indices in Europe:
UKX: 6,777 -15 points
DAX: 11,222 -32 points
CAC: 4,895 -15 points

Despite the negative start of the session, there are several events in front of investors, in the form of statements that can turn things around in their favor.

Water around the US-China trade relationship remains cloudy, despite the words of both sides that they are making healthy progress and that a favorable deal will soon be reached. From now on, the World Trade Organization is launching an investigation into US operations and, in particular, the duties imposed on Chinese goods. This WTO case is particularly important because it deals with the central international legal issue in the course of the US trade war with China - whether the US can impose trade constraints on China in response to alleged Chinese WTO violations without first seeking a settlement disputes in China.

China and US officials will meet this week to discuss an additional trade deal. The Trump administration has given China until March 1 to reach an agreement (or at least make some progress). If no agreement is reached, the US will raise its $ 200 billion in Chinese goods to 25% from 10% at the moment.

Moreover, today at 16:00, we are expecting the statement of ECB President Mario Draghi, which is likely to affect the so-called rhetoric on the monetary policy path of the central bank. Mark Carney of Bank of England, who will comment on Britain's willingness to leave the EU, as well as Brexit's continuing impact on the economy of the island, will also make a statement 30 minutes after this statement.

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