Negative sentiment at the start of the European session

10.09.2018 / 09:37

Rating:

European markets are seen lower due to concerns about global trade. Negativity is likely to remain in the markets, and we can expect further declines in risky assets and a rise in JPY.

The FTSE will open with a drop of 16 points to 7,291; DAX without change of 11,959; while the CAC in Paris is expected to open lower by 7 points, according to IG.

Global markets are focused on trade tensions after President Donald Trump said on Friday he could have additional $ 267 billion in tariffs against China. The administration also finalized plans to impose tariffs of up to 25 percent of Chinese goods worth $ 200 billion. Trump also suggested that Apple should move its production to the US to avoid falling tariffs against China.

The elections in Sweden have created a political stalemate in the country, which will further worry European investors. Italy remains the focus of investors before the 2019 budget is published later this month.

Source: CNBC

Picture: pixabay.com

Trader Nikolay Georgiev

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Negative sentiment at the start of the European session

London

Universal numbers