Partitions in Europe are poised to start the week on a lower footing amid progressing concerns over global trade.
The FTSE is seen down by 16 periods at 7,291; the DAX is seen flat at 11,959; and the CAC in Paris is expected to open stoop by 7 points; according to IG.
Global markets are focused on trade concerns after President Donald Trump verbalized Friday that there could be an additional $267 billion in rates against China. The administration is also finalizing plans to impose duties of up to 25 percent on $200 billion of Chinese goods. Trump also offered that Apple should move its production to the U.S. to avoid being bagged up in the tariffs against China. Shares of Apple’s Asia-based suppliers were down on the talk.
Back in Europe, investors are also digesting news out of Sweden, where a common election has led to a political deadlock. The two main political blocs almost moored with a margin of 0.3 percent separating them. More importantly, the nationalist Sweden Democrats (SD) saw a rush in support from a previous election, gathering 18 percent of the bear witnesses and placing third in the overall result.
Italy remains in the spotlight for investors onwards of the publication of the 2019 budget later this month. Speaking to CNBC onto the weekend, a former director at the International Monetary Fund said that “uniform a minor recession” could be very dangerous, given how fragile the Italian briefness is.
There are no substantial corporate results to note this Monday. But in terms of figures, markets will be looking at balance of trade numbers out in the U.K. at 9.30 a.m. London interval and inflation data due a bit later, at 10 a.m. London time.