Money Flows before the start of European trading today

We expect lower start of the European session this morning. Asian markets have recorded modest gains following the development of Libya's conflicts, but this was not enough for positivism in European traders.

In recent rumors about the trade war - the negotiations have reached a new breakthrough, with which a plan for a good end to the misunderstanding is drawn. Key issues of disagreement remain intellectual property, technology transfer and trade balance.

About Brexit, Theresa May still faces challenges in signing a deal. If there are no surprises today or tomorrow, Britain will leave the EU on 12.04.

Today, oil will also be in focus after the Libyan government has launched a massive counter-attack against the forces that are loyal to Khalifa Haftar, who are trying to capture the capital, Tripoli. The military conflict puts the extraction and supply of Libyan oil under enormous risk, which, in the event of further escalation and threatening or destruction of oil fields, transport links and logistics, will lead to an immediate rise in the prices of "black gold".

The economic calendar remains blank for reports this morning, so the markets will be mainly driven thanks to the topics discussed above.

Indicative prices for opening European stock indices

UKX: 7,443 -9 points
DAX: 11,926 -26 points
CAC: 5,475 +3 points

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