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The positive sentiment for Europe is continuing, we expect a higher opening

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Today we are looking for a positive money flow for Europe, with indexes saying they will continue the positive series from the US after better reports and hopes for a faster resolution of the trade conflict. European indices seem to have been shaken by the fears of a slowdown in the global economy and seem to avoid the problems in Europe to keep the rally strong. Whether we are talking about momentary respite or something stable is formed that will continue to push the indexes up will understand with time.

Indicative levels of opening of the main European indices:

DAX: +19 points

FTSE: +21 points

CAC: +12 points

Today is the PMI for Europe and the United States, as we also have retail sales to Europe. Although expectations are for sales to shrink, data may surprise us. The focus of the markets is now the stronger foundation around the rhetoric between Trump and Xi. Although there are no scheduled Brexit debates this week in the British Parliament, we should not exclude the possibility of background news and rumors that would trigger movements in the indices and the British pound.


 Trader Martin Nikolov

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