Risk appetite picks up after a sluggish start to European morning trade

It’s tough to sort out the swings in the market mood this week and we’re getting more of that, this time in European morning trade. After a poor start, we’re seeing stocks pick back up some momentum with US futures paring losses for the day. Similarly, European indices are also now trading higher with the DAX up 0.2% and CAC 40 up 0.3%.

All that being said, it’s still early in the day with plenty of things still to watch out for. There will be US PPI and weekly jobless claims data alongside more Trump headlines surely. And then we also have US-Russia talks on the situation in Ukraine. On top of that, there’s still just the general hangover from the heavy selling from earlier in the week.

So, there’s plenty of factors that could stir things up today and tomorrow as the main focus slowly shifts towards the FOMC meeting next week.

This article was written by Justin Low at www.forexlive.com.