Despite the positive development of the US Session and the Chinese after, European traders are unconvinced that these moods will remain during the last trading day of the week, with major stock indices set to open in mixed territory.
Indicative opening prices of European indices:
UKX: 7.0.5 -7 points
DAX: 11,332 +5 points
CAC: 5,019 +2 points
Despite positive attitudes, moods still remain hesitant. The uncertainty surrounding Brexit weighs not only on the UK but on the whole of the EU, with a feature of free trade in the region, which can affect many companies that are important to the economy of the bloc. There was speculation about new resignations, a new referendum and a hard Brexit, but the truth is that none of this will be certain until the time for the clinical meeting between the two countries in the December talks. For now, the only thing investors can do is to trade cautiously, and that means at best consolidation for the assets of the Old Continent.
Today, a trading session is out on the trading calendar. First, at 09:00, retail sales data is expected in Germany. As a key measure of inflation, they will show the purchasing power of consumers in the world's fourth-largest economy. Then, at 12:00, an inflation report for the entire Eurozone is also expected, which will signal whether the ECB is ready to exit the post-crisis stimulus.
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