European stock markets remained firm in a day marked by a slight edge, with Eurostoxx 50 maintaining its position near the flat line after closing at a 16-year high last week. Similarly, the DAXshows marginal movements as investors prepare for a week full of key economic policy announcements from the Federal Reserve, European Central Bank and Bank of England.
Current forecasts point to a continuation of interest rates, keeping them at the highest levels sustained in several years. This scenario provides a critical focus for investors, who are attentive to the alignment between the market and the decisions of the central banks, especially regarding the timing of the potential initial interest rate cuts.
The financial sector is awaiting monetary policy decisions by the main central banks this week, which include important announcements from the Federal Reserve, the European Central Bank and the Bank of England.
On the other hand, in the Japanese market, the Nikkei experienced a recovery after hitting a one-month low last week. This revitalization coincided with the yen’s decline from its four-month high, as well as momentum coming from Wall Street amid growing bets on a slight slowdown in the US economy.
Meanwhile, the oil price They continued their rise, marking the second consecutive session of gains. This growth is attributed in part to the United States’ efforts to replenish its strategic reserves. However, concerns persist about oversupply of crude oil and estimates of reduced fuel demand growth for next year, which continue to create anxiety in the sector.
The global economic outlook remains complex, with many factors influencing investment decisions and the direction of markets in the coming weeks.
TECHNICAL ANALYSIS: EURO STOXX 50
Scenario 1: A 30-minute candle close to the bottom of 4512.6 will increase the chance of a decline with a target of 4495.4 points.
Scenario 2: A 30-minute candle close to the top of 4528.9 will increase the possibility of a rally targeting 4539 and 4550.4 in extension*.