Negative sentiment before the start of the European session

We expect a weaker start of the European trading session today, with the beginning of the new week. In Asia, the markets ended mixed, assimilating Friday's US data on the labor market and the latest news about trade talks. We do not exclude the moment with winnings.

The Chinese delegation announced that the negotiations had reached a new breakthrough and was also a draft of the final document under the agreement. Work on drafting is the latest issue, namely technology transfer, intellectual property protection and trade balance.

On the Brexit issue, Theresa May continues to face serious challenges in providing a deal that is acceptable to the UK Parliament. The UK is yet to come out of the EU without a deal on April 12 if the Prime Minister fails to provide further extension to Brexit.

Today, oil will also be in focus after the Libyan government has launched a massive counter-attack against the forces that are loyal to Khalifa Haftar, who are trying to capture the capital, Tripoli. The military conflict puts the extraction and supply of Libyan oil under enormous risk, which, in the event of further escalation and threatening or destruction of oil fields, transport links and logistics, will lead to an immediate rise in the prices of "black gold".

European markets appear today to be colored in red, but we generally expect a more relaxed day, given the empty economic calendar. Watch out for news about Brexit, the talks and the conflict in Libya.

Indicative prices of major European indices:

DAX: 11965 -37 points

CAC: 5471 -15 points

FTSE: 7430 -24 points

Read more:

• Risk off after the escalation in the Middle East, markets are recovering in a period of calm
• The macroeconomic events for today’s trading calendar
• The US government has confirmed the attacks, Trump is calling an emergency staff meeting
• Has the war between Iran and the US started?
• US markets remain under pressure, traders await Iran’s response