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Money Flows before the start of European trading today
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Loading...The negative moods generated by the news of the potential collapse of the trade deal are reaching out to Europe, where the stock market is again expected to be in negative territory. US stocks managed to wipe their profits towards the end of the trading hours, and after optimism in Asia was scarred.
Indicative opening levels of major stock indices:
UKX: 7,242 -26 points
DAX: 12,156 -31 points
CAC: 5,393 -19 points
Today, the economic calendar in Europe remains empty, with traders focusing entirely on Washington, where the Chinese delegation is expected to land soon and begin its two-day meeting with Trump and its administration. Any news from there may affect the stock and currency markets.
Apart from commercial rhetoric, there are several other events that investors will be mindful of during the day:
1. PPI, Core PPI is expected to rise by 0.2%
After a relatively quiet week in the US, there are several economic news today that may affect sentiment.
The most respected relic will be that of wholesale sales inflation.
The Labor Bureau will publish the April Producer Price Index (PPR) at 15:30 this time.
The index is expected to have risen 0.2% last month. Core PPI, which excludes food and energy prices, is also expected to show 0.2% growth. At the same time, the weekly initial applications of the unemployed will go out. The expectations are for a decrease of 215,000.
2. Disney above analysts' expectations
Dow Jones Industrial Average can receive support from Walt Disney today after the company posts stronger than expected figures. The company "drives" the success of Avengers: Endgame and the expectations for the new product Disney +. Shares rose 1% in extended trading after the end of the session, but we will not be surprised if they fall today because many good news is already valued in stock value. They are more than 17% up from last month. Before the start of the US Session today, Duke Energy, Cardinal Health and Keurig Dr Pepper will publish their corporate results.
3. The statement by Jerome Powell
Fed President Jerome Powell will make a statement that will surely attract attention.
He is not expected to talk about the effect of the trade war on the country's economy, but surely any question of economic conjuncture, global economic trends and the future of monetary policy (domestic or global) can create turbulence in stock markets.
Trader Aleksandar Kumanov Read more:
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