Europe's major stock markets started the 16 January session in the red as investors waited for the major US publications expected in the afternoon. Discover our analysis of these markets as well as the values to follow today.
On the morning of Thursday 16 January 2020, we saw a sharp decline in the main European financial centres. The London market fell by 0.4%, the Frankfurt market lost 0.1%, while the Paris stock exchange remained relatively stable. Traders were indeed eagerly awaiting the release of some data from the U.S., including the Retail Sales for December, and economists were expecting an increase in these sales of about 0.3% on average.
Remember that retail sales are one of the most important indicators of the week as far as the U.S. economy is concerned. Indeed, we know that the dynamism of household purchasing is a key element of the solid growth of economic activity in the United States, as analysts have indicated.
In addition, there is a rather high level of confidence, solid wage bill growth, a tight labour market and an already high savings rate combined with low inflation. These various elements suggest that purchases must have shown a strong increase during the end of 2019.
Also in the afternoon, traders and traders will be waiting for the highly anticipated release of the U.S. Import Prices, also for December, as well as the Fed's Phily Index and Morgan Stanley's quarterly.
Several values are also to be closely monitored today and during the next sessions. So here are the actions you can trade today to generate effective positions.