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In the pre-opening, the European indices continued to rise, reflecting the positive developments in trade relations between the US and China. However, the activity of European markets will be less than usual due to the celebration of Pentecost Day in mostly Protestant countries like Germany and Switzerland. Even so, an initial positive reaction is likely from the sectors most prone to exports (especially to China) such as the automobile, mining, industrial, and others. After this reaction, European investors will focus on two interrelated themes: sovereign yields and the evolution of the political situation in Italy.