- European markets and Wall Street futures fall on Monday.
- Without data and with financial markets closed in the US for a holiday.
- The dollar remains in a recent range, metals in decline.
On In line with what is happening with the European stock markets, Wall Street futures are trading in negative territory, in the low zone in three weeks. The Dow Jones falls 0.15%, the S&P 500 0.22% and the Nasdaq 0.53%. The US financial markets will not operate on Monday because it is a holiday there.
On Europe the main squares fall an average of 0.75%. The optimism that arose after the agreement in a meeting between Biden and Putin, was evaporating. The situation is still far from clear. “The situation in the Donbas region remains volatile and we suspect markets may be overpricing a ‘soft’ diplomatic solution too soon. Downside risks to risk assets remain considerable and we expect some support for the USD and safe havens this week,” ING analysts say.
Looking ahead to the next few hours, with Wall Street closed, the volume of operations could be reduced. The exhibition of Michelle Bowman, governor of the Federal Reserve. Normal activity will return to the US on Tuesday and PMIs will be published on Tuesday.
In Europe, the preliminary Markit index for February showed mixed numbers, with a larger-than-expected rebound in the services index, but a modest decline in manufacturing. An escalation in wholesale inflation in Germany was previously known in January.
On Monday the dollar is negative, but has cut losses in recent hours. Most of the pairs are showing within recent ranges, as is DXY, which is trading down 0.15% just below 96.00.
The gold it marked highs in months near $1910, but then lost momentum and corrected to $1887. Silver also falls. The Petroleum is in positive territory, with WTI barrel futures advancing 0.50%.
Technical levels
Source: Fx Street
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