EU markets traded lower across the board led by the weakness in the UK markets. All major bourses and most major sectors closed in the red on a UK survey pointing to deteriorating business sentiment following the Brexit decision. Autos sector outperformed the markets and were the only major sector in the green. The EUSXX600 index closed lower 0.65%. UK Earnings index at 9:30, BOC rate statement at 3 pm and OIL inventories are the important news on the agenda Wednesday.
Earnings on the agenda Wednesday morning:
Forex & Commodities markets
The FX markets moved sideways most of the trading day on very little news and typical summer time low volume price action. The JPY was lower vs most majors while the TRY spiked lower on the political instability in Turkey making it the best mover on the day. UK Earnings index at 9:30, BOC rate statement at 3 pm and OIL inventories are the important news on the agenda Wednesday.
Swing trades follow up –
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