European markets are trading higher this morning ahead of the Easter vocation. This will be without any doubt another extremely volatile week for the market as we have the mother of all data, US non farm payroll data, due on Friday. If the job’s payroll print is robust, it may not increase the probabilities of a June rate hike, but it will certainly increase the speculations in the market that such a scenario could actually take place.
As for Asia, the equity indices have traded mostly higher on the first trading day of the week. Chinese stock market enjoyed the most gains during the market trading hours as investors are optimistic that more stimulus could be on the way by the People Bank of China after the governor of the bank stressed once again on the deflation issues. Transport and financial sectors were the biggest beneficiary of the market action which took place on Monday.
Back in Europe, the weekend was occupied by the Greek headlines as the negotiations continued between the country and its creditors. Greece really need to implement and show a meaningful reforms before they can unlock another loan payment. However, it seems like we are still far off before we actually get any meaningful results and this could consume a few more days.
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.