After Wall Street sell-offs and mixed trade in Asia, Europe is heading for a very positive start. The reason for this is better data on China's trade balance, which surprisingly proved to be far higher than expected. Given the lack of important economic news in the calendar, I expect positivism to remain throughout the European session. Despite the positive sentiment, we need to turn to the energy sector that will remain under pressure because of the oil cuts. This can lead to the initial filling of the gaps created after the opening of the markets. It is then good to focus on intraday long positions on major stock indices - DAX/CAC/UKX.
Today there are no events in the economic calendar which would have a significant impact on stock trading. The European session will be driven entirely by events in the US and Asia. Weighing the downward weekly trend and the end of the working week, it is very likely that we will see short-term upward impulses generated by profits.
Indicative opening prices of European stock indices:
UKX: 7038.6 +74 points
DAX: 11,663 +174 points
CAC: 5,161 +77 points
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