European markets traded lower with most leading sectors other than telecoms in negative territory. Miners and basic resources stocks led the way lower on weaker demand and nickel prices took a 2.5% dive. Banking stocks were under pressure too, sending the sector lower more than 1.3% and weighting on the markets. Despite the rally in the US markets the FTSE closed sharply lower for the second day in arrow on a stronger sterling.
Forex & Commodities markets:
The dollar index traded mostly lower closing the month on another negative note while the sterling was sharply higher on an optimistic EU deal over Northern Ireland border. Metals were under pressure for the second day in a row on demand concerns while OIL closed flat after another volatile day. UK Manufacturing at 9:30 am GMT then CAD Employment at 1:30 pm are the important news on the agenda Friday.
Swing trades follow up –
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