European stock markets set to open cautious

European Stock Markets to Open Cautiously Amid Trade Deal Uncertainties, CPI Releases

Posted Wednesday, November 13, 2019 by
Arslan Butt • 1 min read

On Wednesday, European stock markets are expected to have a weaker opening over reigning uncertainties surrounding the US-China trade deal signing, even as violent protests in Hong Kong kept the mood in check during the Asian session. US President Donald Trump spoke about the progress in trade negotiations during his speech at the Economic Club of New York without offering more insight into when the deal could be signed.

Meanwhile, Asian stock markets remained under pressure as clashes between protesters and the police continued to paralyze the city, following bouts of violence. Stock markets in Europe are set to open cautiously as markets wait for cues from the release of CPI data from Germany and the UK.

Any further weakness in inflation in either economies on account of trade tensions, slowdown in global economic growth or Brexit uncertainties will keep stock markets under pressure later today. Stock markets had enjoyed a bit of a bullish rally on Tuesday over ECB policymakers’ calls for more supportive fiscal stimulus and in hopes that Trump would shed light on developments on the trade war front.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles

Leave a Reply

Notify of