Market Analysis

Stocks had a mixed open in Europe on Tuesday


Stocks had a mixed open in Europe on Tuesday as market sentiment remained uncertain. Investors are awaiting a batch of significant macro data later today after the release of solid numbers from China. Even if inflation concerns have been played down by the Federal Reserve, investors will keep a close eye on the US CPI data release, due later in the afternoon. Corporate results and the US Treasury auction could also cause a volatility spike later today.

Most European benchmarks are now trading close to key support levels. A breakout of these levels could seriously dent the mid-term bullish trend.

Zurich is registering one the worst performances today as the SMI-20 index has come back inside the crucial 11,050.0pts/11,060.0pts zone, close to the bullish trendline and both exponential moving averages, where an acceleration could quickly drive prices towards 11,000.0pts and below.

Pierre Veyret– Technical analyst, ActivTrades  


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 futures performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.