Stocks rebound after trade war fears trigger sell-off

Miles Eakers, Chief Market Analyst at Centtrip

“Global stock markets continue to trade within their medium-term trading range after another sell-off last week.

“We expect they will continue to rise as fears of a trade war have subsided and there is some optimism that a Brexit transitional deal will be reached. Meanwhile, the Italian election had no major surprising outcomes, but the strong support for North League will unnerve the European Central Bank with its Eurosceptic stance.

“As risk appetite has returned, we expect the Pound and the Euro will strengthen against the US Dollar.”