WHAT TO EXPECT TODAY

A clearly bullish mood can be observed for today's trading day. The most important European share indices are up strongly, boosted by the breakthrough in the US-China trade dispute and other positive signals. The buying mood is focused on cyclical sectors (cars, industry, luxury goods, technology), while only a few areas (particularly pharmaceuticals due to Trump's price offensive) are under pressure. The overall optimistic tone is reflected in new highs and high trading interest. In the short term, the bulls clearly predominate: Thanks to the easing in global trade and the momentum from the previous week, expectations of further price rises dominate today. This bullish assessment for the day is underpinned by fundamental developments - investors feel encouraged to take risks, which points to a continued positive market phase.