EUROPEAN SHARES 

Share markets drifted further after the opening bell in Europe on Thursday, following a slide in Asian stocks, mostly weighed down by the tech sector.

Uncertainty and investor skepticism linger this week as the short- to mid-term outlook remains blurry to most market operators who are still assessing the prospect of an economic recession brought by the current aggressively hawkish policy cycle from central banks. With that in mind, traders are keeping both eyes on the corporate front to see how companies cope with this difficult environment. While corporate results aren’t dramatic so far, the overall trend remains mixed, especially after Tesla Motors slightly beat earnings but missed revenue projections yesterday, shortly after the market close in the US. This starts raising questions over stock/riskier assets exposure for professional investors, a situation that could drive benchmarks to new annual lows if fundamentals don’t show any sign of improvement.

Technically speaking, most stock indices failed to clear their major resistance levels yesterday as buyers aren’t strong or numerous enough to keep control of stock markets yet.

Pierre Veyret– Technical analyst, ActivTrades       

Source: ActivTrader

The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and as such is to be considered to be a marketing communication.

All information has been prepared by ActivTrades (“AT”). The information does not contain a record of AT’s prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.

Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.

The post Share markets drifted further after the opening bell in Europe on Thursday was first shown on ActivTrades.