Negative moods emerged before the start of the European trading session, although in Asia the shares ended relatively upwards. Better corporate reports from the United States have helped precisely about the good stock market movements in Asia. Trump's earlier statement that there could be a trade deal with China before the end of May, however, does not seem to impress the markets enough.
As we approach the Catholic Easter, we have a risk-off sentiment, and it is likely to hold on ahead of retail and PMI sales figures for Europe and the United States, which we expect later today. Rather, the foundation will be the main driver of the markets today and we could see somewhat more serious dynamics before the holidays.
In addition to the pre-holiday pre-holiday profiling and today's data run in the calendar, we do not expect any news about Brexit because the UK will "dine" for the holidays.
The long weekend is about to take place, and market players seem to prefer betting instead of "haunting ghosts." Unless we receive more significant news in European trade, we will hardly be able to see risk-taking rallies. If you have not yet seen the work schedule around the Catholic Easter, you can see it here.
Indicative opening prices of major European indices:
DAX; 12123 -50 points
FTSE: 7450 -23 points
CAC: 5547 -18 points
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