Uncertain Asia is reeling the traders - what to expect

After the mixed results during the Asian trading session I expect a timid first trading hours for European investors. In addition to trade rhetoric and Washington headlines, today's day provides many key economic events that will have a major impact on the short-term trend of US and European indices and stocks. At 15:30, we expect the US Gross Domestic Product data to show how fast the country's economy is expanding and whether they justify the Fed's aggressive tone. The central bank raised interest rates last night by 25 basis points, with bank president Jerome Powell hinting that a new hike is on the cards. This report today will give the first signals that the Fed's actions are justified and supported by the fundamentals. We then expect a series of important statements during the day. Prime Minister Mario Draghi, whose speech will be followed by interest in signals on the future of the monetary policy of the bloc, as well as the program of quantitative easing and its possible ending, will take the spotlight. At 17:00, we are expecting a speech by Mark Carney's President of the Bank of England - it will be important here to keep an eye on comments on the impact of Brexit on the economy as well as future bankers' plans for the island's main interest rate. It all ends at 23:30, when Fed Jerome Powell will comment on the effect of the trade war, customs and tensions in Washington over the commodity markets and the health of the economy as a whole.

Indicative levels of opening of the European indices:
UKX: 7.498
DAX: 12,338
CAC: 5.503

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