European Markets Start Week of Well

European Markets Start Week of Well

Europe have kicked off the week well, with early reports from this morning showing their markets are trading higher.

According to the exchange platform, AvaTrade explaining that is owed to the European market picking up from momentum generated overnight by the Asian market. This growth is market in Asia is owed to them gearing up to prepare deals further afield now that their lockdown procedures have been greatly eased.

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It is believed that this momentum may continue into the US markets too and may help them recover from the losses that they incurred last week following challenging words from Jerome Powell. His comments caused a rush on the value of Gold, but continued friction between the US and China is also flying in the face of any potential upwards growth. 

Meanwhile, oil is continuing to grow after all-time lows of last month, while the GBP is also making up losses to the dollar, partly owed to the political and Covid turmoil going on stateside, as well as the fact Britain has relaxed its own lockdown rules. You can read AvaTrade’s latest report in more detail on their platform if you want specifics of all of this.

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