European stock markets are seen opening cautiously higher Friday, with Chinese economic data suggesting a slow recovery ahead of the release of quarterly growth numbers for the eurozone. White House said Treasury Secretary Mnuchin told House Speaker Pelosi he was willing to move forward with COVID-19 aid on some issues, but not election funding. Looking ahead, highlights from macroeconomic calendar include Eurozone employment and GDP (2nd), US Retail Sales, Industrial Production and University of Michigan Survey.
- EUR/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
- XAU/USD: Gold after a bearish correction is touching the 50% retracement area.
European Key Point
- Eurostoxx futures trading at -0.2% in early European trading.
- NZ PM Ardern supports that will extend Auckland lockdown for an extra 12 days.
- Russia to publish coronavirus vaccine trials data in the coming days.
- Germany reports 1,449 new coronavirus cases in latest update today.