Market Analysis

European markets started the session in green territory


European markets started the session in green territory, extending gains registered overnight in Asia, while US Futures were flat on Wednesday. Market sentiment is on the rise in the middle of the week with investor appetite for riskier assets remaining high, despite the recent hawkish switch from European monetary policy makers. Most market operators are confident about the reopening of economies as well as the global recovery as a whole. That said, the main bullish driver for stocks remains the extremely accommodative environment and, despite talk about an upcoming reduction in stimulus policies, investors may want to extend gains before the year-end and the official start of tapering in both Europe and the US. Meanwhile, macro data will continue to play a major part in investors’ trading decisions and many will pay close attention to today’s manufacturing PMI releases as well as the OPEC+ meeting ahead of Friday’s US NFP.

Pierre Veyret– Technical analyst, ActivTrades


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