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Trade negotiations unleashed a new "green wave". A positive sentiment for Europe

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New day, a new week and what it is! Meeting between Kim and Trump, Brexit, trade talks. Events eventually begin to unfold to their final form with a positive outcome. The meeting between Kim and Trump predicts a positive mood and a promising conversation about peace and prosperity. The Brexit front May again maneuvering the "enemy" in order to gain time, but testing the patience of Brussels, but the line of compromise begins to thin, and it itself runs on rather thin ice. The trade war - we go to truce and achieve a win - win scenario.

It was the last event that lifted the Asian markets to an entirely bullish territory. We expect a positive sentiment during the European and US stock market sessions with higher opening of the main indices.

Indicative levels of opening of major European indices:

DAX: 11498 +37 points

FTSE: 7190 +14 points

CAC: 5227 +17 points

We have the chance to see the long-awaited "green wave" flood the world markets in a celebration of diplomatic success. But do not be fooled in advance. Keep in mind that sentiment may change as the trade day passes, depending on how investors ultimately interpret news and events. They are far from the end and we can expect a steady stream of rumors and news in the media. Right at the height of the events the "noise" of information and that of the market will be at its highest level.

Today, the economic calendar is quite calm, but a busy trading week emerges.


 Trader Martin Nikolov

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