After the strong US session yesterday and the relatively positive sentiment of the developed markets in Asia, Europe will open the stock session with slight increases. The German DAX trades with a 10 point increase of €12,265, the French CAC with a 5 point increase of €5136 and the British UKX with a 4 point increase of around 7202 pounds. Sales have ended and investors are sticking to the old saying "buy the dip". The foundations of the European economy remain strong and this will most likely cause the bullish trend to continue. We remain positive about European benchmarks.
Despite the growth of the markets yesterday, DAX30 again reported a negative cash flow for the day, indicating that investors remain cautious about buying on the European market. A cash flow analysis shows that moods in France are identical to those in Germany. CAC40 also notes a negative cash flow.
UKX remains more volatile, but the cash flow chart shows that bottled yesterday's purchases have been sharper, suggesting that investors are more positive and expect growth from this area.
Jr Trader Petar Milanov
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