Consumer Discretionary – Luxury Goods Sector Leads the Way in the European Session

Despite the weak activity after the first half hour of the European session, influenced by the public holiday in the U.S. and the expected inauguration of President Trump, three sectors stand out with significant buying interest.

The leading sector is Consumer Discretionary, with a rise of over half a percent. The demand for discretionary companies and those focused on offering luxury goods and services shows that bullish sentiment prevails despite low volumes and cautious buying.

Materials and Industrials share second place. The industrial sector and the materials sector dominate with incoming cash flows, surpassing the traditionally strong information technology sector, which still confirms the hesitation among traders at the beginning of the session.

Utilities show strong money outflow—there’s no additional demand for portfolio protection, hedging, or increased caution.

In summary, cash flows within the first trading hour indicate hesitation, expected volatility in the medium range under 1%, and a bullish sentiment in favor of holding for quick buys with the first headlines about the acts Trump will sign today.