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- Negative start for European markets, after drop on Wall Street, we are waiting for ECB
Negative start for European markets, after drop on Wall Street, we are waiting for ECB
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Loading...Markets in Europe are heading for a negative start at the stock market after Wall Street's negative closure, driven by a strong dollar. Asian markets were trading without a clear direction, the German DAX will start with a 20-point loss of around 12,389; The French CAC recorded 6 points loss of 5,268; while the FTSE 100 has a 24-point loss. Traders will be interested in Britain's GDP data, and they will give fresh indications of how the economy is presenting in the midst of the Brexit talks. The data will also shed more light on the question of when and what is the BoE's plan for interest rises. Today, at 14:40, we look forward to the ECB report since the last meeting of the bank. If we look at DAX's cash flows yesterday, they were in negative territory throughout the trading session. This shows the high prudence of investors, given the Fed's policy and the ECB's intention to change the direction towards tighter monetary policy. Technically, European indices remain below key levels and do not provide a good positioning position with long positions. Given the data we expect from Europe today, the volatility of the markets will remain weak until 14:30, after which the ECB's report, which will clearly show the mood among the members of the bank, will provide the necessary foundation for traders to take action.
Jr Trader Petar Milanov
Varchev Traders Read more:
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