EUROPEAN SHARES

Market sentiment remains uncertain as the end of the month approaches while the short-term outlook continues to be torn between solid corporate results and spiking virus cases. However, while most concerns come from emerging countries, the fact that developed nations keep on registering solid economic data amid the success of the vaccine rollout is likely to sustain the bullish trading stance in the mid-term. With almost no significant macro data in today’s agenda, apart from the US CB Consumer Confidence, investors’ eyes will remain on earnings reports with results from HSBC, Alphabet and Schneider Electric.

Pierre Veyret– Technical analyst, ActivTrades      

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