European Futures Eye Strong Asian session
AvaTrade | Sep 09, 2015 04:09AM ET
Asian markets have swollen up like they were on steroids as the positive momentum filtered from the US markets. Traders are certainly paying much attention to the silver lining in the economic data and keeping their focus that the efforts of the people bank of china will work. The kind of panic which we experienced during the past few weeks in the market have very much evaporated and this week is becoming a very robust for the equity markets. The Chinese government is also working on its fiscal sides and it has announced that the country is bringing forward the construction projects which will aid the the growth in the county.
The Chinese authorities are also confident that the recent volatility in the equity market will have no stains left and the bank’s commitment is strong in sparking the economic growth.
In Europe, investors have paid much attention towards the upward revision of the Q2 GDP for the eurozone to 0.4%- which makes a perfect stance for Mr Draghi to prove to his critics that his efforts are surely working. As for today, european futures are catching up with asian indices in terms of their momentum .
Nonetheless, the main focus amid traders remain towards the upcoming federal reserve meeting which is due next week. A lot of volatility is expected around this time frame and perhaps only pro should participate around during this moment. The chief economist of world bank, Kaushik Bass has warned once again that his concerns are more related towards the emerging market if the Federal reserve raises the interest rate. His qualm was very much in line with IMF.
DISCLOSURE & DISCLAIMER: The above is for informational purposes only and NOT to be construed as specific trading advice. responsibility for trade decisions is solely with the reader.
by Naeem Aslam
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.