We expect the European session to start with mixed moods as investors start adjusting to the decision of the European Central Bank at 14:45. The cautious note of investors is perfectly understandable given Draghi’s statement, which will be at 15:30.
Indicative futures indicate a stronger opening of the FTSE100 and the German DAX and the French CAC40 to open less. The ECB is expected to keep unchanged interest rates and continue with the rhetoric of possible financial incentives.
It is the market participants who will follow every word of Draghip during his press conference. He is expected to comment on a number of key themes, including the state of the European economy, trade pressure, and the state of banks in the Eurozone.
Central bank decisions still seem to remain the leading sentiment of both the Old Continent and the United States, especially following Powell’s comments, that a cut in cut rates is completely possible.
Yesterday, because of these comments, Wall Street recorded one of its best daily presentations. Promising investors to reduce interest rates by the Fed by the end of the year hurriedly forgot the trade war.
From the point of view of the Eurozone foundation, today we expect GDP data as well, expecting it to remain unchanged on an annual basis and for Q1.
Trader Aleksandar Kumanov