It looks like the opening of European markets today has a positive sentiment after the relieving rally from yesterday during the US session, which was also transferred to Asia. Earlier, Donald Trump's comments that his relationship with the president of China, Xi, is not only warm but also exceptional. Trump added that the two sides want to continue negotiations, and they will be resumed soon. His dream of hope was a sufficient catalyst for the markets to relax.
Today we expect Europe to assimilate news from yesterday, with the rally to take over, despite weaker Chinese data for April. We expect an initial cautious start, but sentiment will improve over the session, expecting European indices to record green values today.
At the Brexit front, Theresa May once again "goes on stage", trying to negotiate the next parliamentary vote in early June. However, negotiations with the Labor Party are far from over, and Corbyn will not support it until they reach consensus. Apart from GDP figures for Germany and the Eurozone, another engine in the European markets would be any news about Brexit and the trade war.
We expect movements around the BRENT European variety (or WTI), if there is a development in the tense situation in the Middle East. Following the sabotage of the oil tanker, yesterday a drone attack on the oil refineries of the Saudi company Aramco. Even without any serious damage or leakage, oil yesterday "did not blink" and reflected an increase. The situation remains under strain after the White House report, which looks at a plan to launch rockets around Iran and a possible land invasion. No one has yet been officially accountable, but Iran is indicating guilty of the Huta rebels who are in Yemen. There is no answer from Yemen. The other countries in the region maintain coolness, as in Saudi Arabia this is an attempt to deliberately destabilize the region and deliver oil.
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