Money Flows minutes before the start of European trading

Today major stock indices in Europe will open up with positivism taking precedence over traders after the upbeat news that the US and China are making progress on their trade relations. For the time being, the worries of traders have diminished, with the biggest threat to them being the doubts about the slowdown in global growth, which were about to roll the bearish trend indexes in the last month of 2018. On the side of the risks to the shares, Brexit still remains, which could harm the whole European economy. Debates on Brexit in the British Parliament are also starting to take full effect, with the expectation that we will have another vote again next week. On the latest news, May does not intend to move the Brexit date.

Indicative opening prices of European Stock Indices:
UKX: 6.927 +41 points
DAX: 10,923 +80 points
CAC: 4,815 +30 points

Following a quiet European session of economic news, the focus will shift to the Bank of Canada's decision on the country's key interest rate. Although no monetary policy change is expected at the time of the decision, the central bank's press conference will be followed later by hints of future interest rates. At 17:30, Mark Carney, Governor of Bank of England, will also have a statement that, besides monetary policy, he will also highlight issues related to the risks to the economy from the coming Brexit. At 21:00 in the US, we expect the FOMC Meeting Minutes, with all traders watching for signs of a slowdown in the US economy.

Photo: pixabay.com

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