The EU markets reversed to the upside after two selloff days, all major sectors closed in the green led by basic resources, autos and banking. Strong China data, US markets positive close and better than expected results from Volvo and Siemens contributed to the positive day. The EUSXX600 index closed higher 0.86%. BOE rate decision at noon and ECB President Draghi speech at 12:15 GMT are the important news on the agenda Thursday.
Earnings on the agenda Monday morning: Vodafone.uk, Compass.uk, Daimler.de, Deutsche Bank.de, Infineon.de.
Forex & Commodities markets
The FOMC meeting resulted in another reversal for the dollar closing with no gains after a strong upside day. Oil moved higher on speculation that Russia will join the OPEC proposed output cuts as the inventories numbers came in line with expectations. BOE rate decision at noon and ECB President Draghi speech at 12:15 GMT are the important news on the agenda Thursday.
Swing trades follow up –
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