EU markets traded sharply lower with all major bourses and leading sectors deep in negative territory. Autos stocks led the selloff down more than 3% on weaker than expected earnings, Basic materials and construction stocks also closed deep in the red. The EUSXX600 closed lower 1.02%. The day was the worst for the DAX in 2017 and marked a 700 points move lower in the index over the last 5 weeks. Flash EU manufacturing is the important news on the agenda Monday morning.
Earnings on the agenda Monday morning:
Forex & Commodities markets
The dollar weakness was again the big news for the FX markets as the greenback moved lower vs all major and closed above 1.1650, just 50 pips from 24 month lows vs the Euro. OIL was the big loser on the day, after another failed attempt by OPEC to control rising outputs. Flash EU manufacturing is the important news on the agenda Monday morning.
Swing trades follow up –
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