Sentiment on European markets remains cautious

We are now about 40 minutes after the start of the European session, with no movement at this stage. Markets have not yet paid attention to last week’s US labor market report, with US markets ending the day with a rally.

Bond yields are a little lower, which supports the yen, and the Australian dollar recorded a new bottom against the US dollar for the day.

Gold is up 0.2%, but overall sentiment is more cautious than risk-averse appetite. The indexes keep flat levels, while currency majors remain in the range.

Markets remain awaiting news of the trade war, with tariffs approaching December 15.

Graphs: Used with permission of Bloomberg Finance L.P.

 Trader Martin Nikolov

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