EU markets closed sharply higher to open the trading week, Basic Resources sector stocks outperformed the general market for the second day in a row, up 2.4% on better than expected Chinese data. The EUSXX600 index closed higher 0.75%. German drug maker Stada was up 14% on a takeover offer and all major sectors closed the trading day in the green. UK CPI in the morning and Chairman Yellen speech at 3:00 pm in the afternoon are the important news on the agenda Tuesday.
Earnings on the agenda Tuesday morning: Tui.de, Heilderberg.de.
Forex & Commodities markets
The FX markets moved mostly sideways to open the trading week flat. OIL was the big mover dropping close to 2% on profit taking and Gold reversed again to the downside on markets strength. UK CPI in the morning and Chairman Yellen speech at 3:00 pm in the afternoon are the important news on the agenda Tuesday.
Swing trades follow up –
|Asset||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|
|Anglo American.uk||13.97||700||185||13/2||13.24||New position|