Sentiment today for Europe - negative again under the influence of fears and worries

Yesterday's state session ended in green, as the indexes barely escaped from the bottom of the day after Powell's comments to Congress, optimism about trade talks and Kim's meeting with Trump. At FX markets, the pounds showed little or no reaction after the vote on the Brexit amendments yesterday, and in Asia the risk of a military conflict between India and Pakistan prevailed. At the same time, weaker PMI data from China and Japan's retail sales have boosted sales and concerns.

Europe is preparing for a weaker opening today as the focus will be on US GDP. Today, in the calendar, we do not have so much expected data for Europe and the Eurozone. It will also affect everything else that comes out of the media around the talks, Brexit, the Trump-Kim meeting, and perhaps the markets will begin to take note of tensions between India and Pakistan. Gold has not reacted for two days in a row.

The European indices broke the positive series, but they are trying to catch up with the main US indices that are already over 200 daily average averages. From the European only French CAC passed from above. This reminds of the situation in the US until a week ago - two where DOW went first and the rest followed soon. But Europe will look for a risk and investors will try to push the indexes up today.

Indicative levels of opening of major European indices:

DAX: 11481 -7 points

FTSE: 7089 -13 points

CAC: 5219 -1 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