Sentiments before the opening of European markets

After strong sell-offs in Asia, futures of European indices point to a negative start at the stock exchange session. However, investor confidence began to return against the backdrop of good financial reports in Europe and the United States. This, coupled with relatively low index prices in Europe, is a good prerequisite for European stock purchases. I expect after the first sale in Europe, traders will focus on purchases and finish the session on positive territory. The energy sector will, to a large extent, remain under strain because of declining oil prices. In such a situation, it is good to focus on sales of hedge-based power companies on the benchmark.

Indicative opening prices of European stock indices:
UKX: 7056.9 -2.2 points
DAX: 11716 -21 points
CAC: 5146,23 -10.5 points

Today, the economic calendar remains relatively empty, and attention will again be directed to the UK. At 11:30 today, we are expecting retail sales data on the island, with expectations being negative values ​​that we are increasingly beginning to see. If the data proves to be worse than expected, their combination with the lack of a Brexit deal will result in additional GBP sales. Positive data on retail sales will have a limited, positive impact on the pound.

Read more:

• USA ADP Nonfarm Employment Change: 202K vs 160K
• Iran response was ‘too fast and too furious’ on the U.S. airstrike
• USA – ISM Non-manufacturing PMI: 55.0 vs 54.5
• Top 5 things to watch on Tuesday
• Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making