The positive sentiment and better than expected economic data from China were the reason push to the upside in the European markets. All major sectors closed in green territory, led by banks up 2.8% and FTSE traded at record highs before selling in the afternoon. UK construction PMI is the important news on the agenda Wednesday morning.
Earnings on the agenda Wednesday morning:
Forex & Commodities markets
OIL traders started 2017 with a wild intraday swing. After pushing prices above 55$ early the sellers took control for a minus 6% intraday swing that pushed prices towards 52$ per barrel. More OIL volatility is expected today and tomorrow heading into the inventories number. UK construction PMI is the important news on the agenda Wednesday morning, then FOMC meeting minutes are on the agenda late in the afternoon.
SWING REPORT Follow up:
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