EU markets traded higher after news that Italy has reached a deal to wind up two ailing banks, busting the financial sector and sending all bourses higher to open the week on a positive note. The EXSXX600 index closed higher 0.37%, led by banks and the food manufacturing sectors. Nestle moved up 4% on the day, leading the food and beverage sector higher. ECB President Draghi speech is the important news on the agenda Tuesday morning, at 9 GMT, then BOE stability report at 10:30 GMT.
Earnings on the agenda Tuesday morning:
Forex & Commodities markets
The FX markets were led by strength in the dollar and weakness in the YEN and metals. Gold was the big loser on the day, while OIL rebounded after a weak open to close higher, above 43.5$ per barrel. ECB President Draghi speech is the important news on the agenda Tuesday morning, at 9 GMT, then BOE stability report at 10:30 GMT.
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