EUROPEAN SHARES
European benchmarks opened mixed on Monday, despite a positive trading session overnight in Asia, while US futures also struggled for direction.
Market sentiment remains muted in Europe as investors continue to digest the latest monetary hints recently laid out by central bankers last week and over the weekend.
The markets are currently in a wait-and-see mode, taking a breather after Christine Lagarde's recent comment confirming the possibility of further rate increases. However, skipping a hike at the next meeting remains on the table. With no real bearish threat in sight, the STOXX-50 is still hovering around its all-time high at 4,470.0pts.
More volatility will likely be coming this morning as traders await the next CPI report from the Eurozone. Inflation is broadly expected to cool down in Europe, from 5.5% to 5.3%, which should improve market sentiment towards riskier assets if today's figure falls inside or even below that window.
Pierre Veyret– Technical analyst, ActivTrades
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.