EUROPEAN SHARES
Stocks are trading slightly higher at the beginning of the European session on Monday with benchmarks stabilizing following last week’s sell-off. While uncertainty remains over mounting job risks as well as drying stimulus, many investors seem to be speculating that the European economy could be more resilient than other economic areas. These hopes are mostly driven by the expectation of a positive ECB meeting later this week as traders await a renewed dovish tone and stimulus measures from Christine Lagarde. Meanwhile investors will be cautiously monitoring any price moves on UK stocks as a new “face-to-face” round of Brexit negotiation starts with the EU, which is already affecting Forex markets. Market sentiment remains positive but fragile at the start of this week, while lower volumes due to the absence of US traders (Labor Day) make it unlikely for there to be strong directional movements today.
Pierre Veyret– Technical analyst, ActivTrades
