There is a positive start for the European Session

05.12.2018 / 07:38

Rating:

The negative series, launched on Wall Street, was also transferred to Asia. However, expectations for the launch of Europe are positive. Here are the indicative prices:

DAX +38 points

FTSE +24 points

CAC +14 points

For the early indications at US Futures, we can also see that they are showing signs of recovery, with DOW JONES growing at 43 points, followed by the S & P500 and NASDAQ.

What happened to the heavy blows of yesterday's US Session, which also took place in Asia? Again, concerns about the global economy, the trade war, Brexit and the Fed's interest. This time, however, there was development. The ceasefire that came to fruition at the G20 weekend kicks off and Teresa May and the government took a big blow yesterday on behalf of Parliament, which further shook confidence and hopes for adopting her plan during the official vote of 11 December.

It is these fears that have also spread to Asia where traders and investors have continued selling. The only reason, in my opinion, for the positive early indication in Europe is the retreat of the President of France - Emmanuel Macron under the pressure of the riots in Paris. Of course, as the session can start well, it may well be poor, depending on what catalysts occur and how investors will assimilate news and data.

But one thing is certain - the moods are still embarrassed, under the shadow of the overwhelmed fear of a new recession and maybe a shift in the economic paradigm? Yesterday, for the first time, short-term bonds crossed the long-term bottom-ups and went through "equalization," which is one of the early and first indicators of upcoming economic problems.

Photo: Pixabay

Trader Martin Nikolov

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There is a positive start for the European Session

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