European markets traded higher ahead of the FOMC meeting minutes with all major bourses and leading sectors in positive territory, led by mining and Basic resources stocks. Better than expected earnings from British construction firm Balfour Beatty sent the shares up 6% to the top of the EU benchmark and lifted the sector 1.5%. The DAX gained for the third day in a row yet futures turned lower on Euro strength following the release of the FOMC meeting minutes.
Forex & Commodities markets
The dollar index saw its worst day in more than a month following the FOMC meeting minutes dovish tone and worries in the ability of US President Trump to deliver on its promised reforms. The dollar lost ground vs all majors and metals reversed sharply on the greenback weakness. OIL has fallen on the Inventories number on a soaring US output that’s undermining any OPEC attempt to cut production levels. UK retail sales at 9:30 am are the important news on the agenda Thursday.
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