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Money Flows before the start of European trading today
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Loading...Today is Labor Day, so most markets in Europe are closed, we expect thin liquidity, even though London's trading centers are working.
After the positive session in the US, their colleagues from Asia followed their example, with stocks in Australia recording profits - most of the markets in the region, however, remained closed for holidays.
At night, the S&P 500 climbed to a new historic high, adding 0.1% to its value. Dow Jones Industrial Average wins 38 points.
These moves come amid the ongoing corporate season, with more than half of SPX members posting their reports by the end of yesterday.
At the same time, investors continue to monitor the trade-offs between the US and China. White House Chief of Staff Mick Mulvaney commented that the Trump administration would resolve the problems with China within two weeks.
These positive moods are also being transferred to Europe, where the futures of major stock indices point to a green start:
UKX: 7,450 +23 points
DAX: 12,404 +48 points
CAC: 5,597 +6 points
Today, the economic calendar in Europe remains relatively slow, with a focus on the Fed's monetary policy decision. This report will be closely monitored on whether the central bank will change its passive tone and how it plans to proceed with its balance reduction program.
Before the decision, Trump called on the Fed to cut interest rates by 1% and apply more quantitative easing.
The dollar index remained at 94..497 after falling from yesterday's levels to about 97.8
The Japanese yen is trading at 111.48, rising to levels from the previous session at 111.6.
Trader Aleksandar Kumanov Read more:
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