Market Analysis

Real Estate and Tech driving European shares in the green

Stocks were trading higher shortly after the opening bell in Europe on Monday, with Real Estate and Tech shares driving almost all benchmarks in the green, after President Biden brought some relief to investors. Today’s appetite for risk has been sparked by the US President’s announcement that trade tariffs imposed on China by the previous Trump administration will be discussed. Investors see this as a possible de-escalation of the trade war between the two economic superpowers, and this has revived trading optimism towards riskier assets. However, major bearish leverages still linger for stocks and analysts expect markets to remain extremely volatile as long as no significant progress is registered on the geopolitical, monetary/economic and virus fronts – especially after Beijing registered another record number of new covid cases. More clues about those market drivers, especially regarding the economic outlook, may be provided this week as traders await major data such as global PMIs, US new home sales, GDP and jobless claims alongside another batch of speeches from FED, ECB and BoE speakers.

Source: ActivTrader


The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and as such is to be considered to be a marketing communication.

All information has been prepared by ActivTrades (“AT”). The information does not contain a record of AT’s prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.

Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.