Market Analysis

European indices as well as US futures slid at the open

EUROPEAN SHARES 

European indices as well as US futures slid at the open, with tech shares leading declines amid an uncertain market sentiment. Investors are still digesting last week’s lower-than-expected jobs report, even though it didn’t provide them with much more clarity about any possible tapering to come. Market sentiment is also being weighed down by Janet Yellen’s recent hawkish comments after she said “slightly higher rates would be a plus”, which clearly increases the prospect of taper talks. Meanwhile traders are already eyeing the next US CPI report, looming later this week, in order to get a better idea of when these hawkish talks could start at the Fed.

Pierre Veyret– Technical analyst, ActivTrades

 

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