After the strong performance of Asian assets, this optimism is also spreading to Europe, where futures on major stock indices point to early when opening the session.
The speculation that US-China trade negotiations are making a difference has played a role, and traders have been re-allocating funds to risky assets. With this attitude, I expect a good session for trending stocks - including those from the banking and technology sector.
UKX: 7,139 +26 points
DAX: 11,067 + 58 points
CAC: 5,036 +23 points
Today, a relatively quiet economic calendar is expected, but we expect statements from two central bankers.
Mark Carney will talk about the global economy and the risks to the outlook, including the effect of rising tensions in international trade. I expect to address the current challenges to the markets, but in terms of pounds and BoE - everything is up to Brexit, so do not bet Carney to deviate from the topics he is discussing last week.
UK Prime Minister Theresa May will address members of the House of Commons today as he wants more time to renegotiate his deal with the European Union. Just over six weeks before leaving on March 29, this move aims to calm the members of the entire House, who are concerned that it deliberately "runs out of the clock" and risks a potentially catastrophic exit from the situation.
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