After the mixed trading of Asian shares, uncertainty is also transferred to European assets during the new session. Oil declines continue to hold indices in negative territory.
A difficult session for Europeans is expected. The risks in Italy remain, and a positive note comes in the face of the speculated Brexit deal between the EU and the UK. This afternoon, Theresa May will have a meeting with the Cabinet, and there will be more clarity on this issue.
Indicative levels of opening up European stock indices:
UKX: -16 points at 7,021
DAX: +4 points at 11,417
CAC: +12 points at 5,080
A busy economic calendar is expected. At 9:00, Germany will publish its Gross Domestic Product data, with the same report expected at 12:00 as well as across the Eurozone. Between them at 11:30 am in the UK, traders will be interested in news of inflation before the big event in the Cabinet.
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