Main drivers: stock indices and oil

The European Stock indices are traded in different directions after the mixed closing of trading in the Asia-Pacific session. Activity in the European session is low due to a weekend in Germany and Switzerland. The dynamics of open stock exchanges remain restrainedly positive against the background of a general optimism company related to the cessation of the trade confrontation between the US and China and a decrease in the yield of the US Treasury bonds. Restraining factor of the eurozone markets remain political risks in Italy.

Oil is traded at the opening level of the day, remaining near the annual highs and limited to overbought. The oil market continues to wait for the results of the OPEC meeting and new drivers for the movement, after the last week’s high.

Also, read: “Oil (current news)”.

Also,read: “The oil market and its main drivers in 2018”

Andre Green