The EU markets closed lower to open the week yesterday as all major sectors traded in negative territory. Banking and Autos stocks led the markets to the downside, down 1.4% and 1.3% respectively. Fiat was down another 4% and BMW was down on Trumps remarks regarding excessive tax on Mexico produced cars. The EURSX600 was down 0.81%. UK CPI in the morning is the important news on the agenda Tuesday.
Earnings on the agenda Tuesday morning: Allstom.fr, Beiesdorf.de.
Forex & Commodities markets
The JPY was the winner in the FX markets Monday as the weakness in the EU markets and a 1.2% decline in the Nikkei sent the yen higher vs all majors. The sterling was again lower on Brexit concerns and ahead of Mays speech on the matter today. UK CPI in the morning is the important news on the agenda Tuesday.
SWING REPORT Follow up:
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