EU markets traded higher across the board and closed the day with sharp gains following Fed Chairman Janet Yellen dovish remarks on the dollar. The EUSXX600 index closed higher 1.52%. All bourses and major sectors other than banks closed in the green led by Technology and Industrials. US PPI and the continuation of Fed Chairman Yellen testimony are the important news on the agenda Thursday afternoon.
Earnings on the agenda Thursday morning:
Forex & Commodities markets
The FX markets reacted to the surprisingly dovish remarks by FED Chairman Yellen sending the dollar sharply lower vs the commodities currencies and higher vs the Euro and CHF. The JPY gained more than 1% vs the euro on its biggest gain day in 4 weeks. OIL was higher during the morning session than turned lower after the release of the US Oil inventories to close in the red again. US PPI and the continuation of Fed Chairman Yellen testimony are the important news on the agenda Thursday afternoon.
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