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European markets seen opening with minor bullish gap
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Tesla fails to get included in S&P 500, holiday in US and Canada
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BoC and ECB to announce decisions this week
European stock markets are seen launching a new week with a small bullish price gap, defying drops spotted on the Asian markets. US tech index - US100- is showing some weakness after S&P Dow Jones Indices announced Tesla will not be added to S&P 500 index on Friday, September 18. Major currencies trade in narrow ranges.
While Mondays are often quiet days on the markets in terms of data, today's trading is likely to be more muted in terms of liquidity as well. Stock markets in the United States and Canada will stay shut today in observance of the Labour Day holiday. US index futures will trade but will close earlier, at 6:00 pm BST. Apart from that, trading on precious metals will also be shortened to 6:00 pm BST.
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Create account Try a demo Download mobile app Download mobile appThe only noteworthy reading scheduled for today - German industrial production for July - was released at 7:00 pm BST. Reading turned out to be a disappointment as it showed an increase of 1.2% MoM in spite of an expected 4.7% MoM advance.
What to watch in the remaining part of the week?
Brexit talks
Another round of UK-EU talks will be held this week. However, it looks like chances of striking a deal are getting smaller and smaller. UK Johnson reportedly set October 15 as a deadline for making a deal while UK media reports that some senior politicians see less than 20% chance of finding agreement.
Central bank decisions
Wednesday, 3:00 pm BST - Bank of Canada
Thursday, 12:45 pm BST - European Central Bank
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