European stocks set for the first weekly positive close in four weeks
Are global stock markets set to continue the multi-year bull market or is the current upward move just a short term Bounce??
- Positive US - China trade talks could help support higher stock markets;
- The US Federal Reserve would need to send markets a clear signal that the US economy is not falling into a recession;
- Downside risk is continued weaker economic data across the US and EU and that the recent bounce higher for stock markets was just a retracement higher as a reaction move after the July - August sharp price drop across European, Asian and US stock markets;
Source: FXGM / Bloomberg