Euro Stoxx 50 Trading High, Eyes On the Earning data – Bullish Trend continues
European markets opened higher Monday as investors prepared for an event-packed week of economic data.
The pan-European Stoxx 50 was up around 0.81 percent shortly after the opening bell, with all sectors and major bourses in positive territory.
In Europe on Monday, investors will track further earnings and data releases. Associated British Foods, Bunzl, Bank of Ireland and Luxottica are due to report their latest results.
In corporate news, Revolution has become the first digital bank to break even on a monthly basis, Reuters reported. Carmaker Daimler is investing $2 billion in a state-of-the-art factory in China alongside BAIC.
On the technical charts, EURO STOXX 50 is trading in the positive zone, just above the 20 day EMA. The market is trading between the moving averages, above the 9 day and the 20 day moving averages, but below the 50 day, 100 day and the 200 day moving averages.
But stop at 3465, Take profit at 3472, Stop loss at 3460