Money Flows for European markets on the last day of the week

The last day of the week has come. Markets in Europe ended yesterday with declines and the US in green territory, but unconvincingly. Asian markets also ended mixed last night, the first to pick up on the worse-than-expected figures for the Chinese economy.

European futures point to a weaker, more cautious start, with market players concentrating on China data and European reports scheduled for today. European companies today report: BNP Paribas, Danone, Sandvik and Volvo.

A summit of EU leaders is also scheduled today, with market participants listening to Brexit-focused rhetoric. The ball, however, is already in the field of Johnson and the UK Parliament, which will meet tomorrow all day to vote on whether or not the deal is approved.

We will expect today that cash flows will remain rather focused on defaults assets with typical market rotations at the end of the week. Chinese data can be seen as a negative sentiment-generating factor that may bother investors. Today, we also have the speeches of almost all FOMC members, so the market will listen to their rhetoric as well, seeking their sentiments and opinions on monetary policy.

During the US session, the focus will be on the reports of AMD, Coca-Cola and American Express.

There is also an OPEC meeting today that you should keep in mind if you will be entering oil positions on the last day of the week.

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