The start of today's session on the Old Continent brings a marked deterioration in investor sentiment. The main European benchmarks are losing in the face of the overtones of yesterday's FOMC Minutes, which confirmed that the decision to pause in raising interest rates in the US was temporary and that the further process of further tightening is likely to resume. The German DE30 is currently losing nearly 1%, the French FRA40 is off 1.5%, and the European EU50 is subtracting 1.25%.
The German DE30 is breaking out below the lower limit of its uptrend and descending into the region of the late June low. Source: xStation 5
Cash quotations of major indices in Europe. Source: Bloomberg
US OPEN: Blowout Payrolls Signal Slower Path for Rate Cuts?
BREAKING: US100 jumps amid stronger than expected US NFP report
Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report
Daily summary: Weak US data drags markets down, precious metals under pressure again!
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
