20190824 Short STOXX50

Aug 24, 2019

European stock rebounded with U.S stock from the begin of the year on the expectation that ECB will continue to support the economy and both sides of the trade war may cool down. Though ECB does claim to support the economy, U.S and China continued to escalate the trade war by raising tariffs against each other. Technically, the European stock index failed to break the upside of the thin range, but economy outlook got worse. Would be a chance to short the European stock index since the economy is the weakest among the major economies.