EU markets traded flat ahead of the FOMC statement released last night. The EUSXX600 closed the day down 0.04%. Basic resources sector was again lagging the markets, down another 2.5% on the day. On the earnings front Sainsbury.uk took a 5.7% dive on a disappointing sales report while BNP Paribas was flat after the earnings. UK Services PMI at 9:30 am is the important news on the agenda Thursday.
Earnings on the agenda Thursday morning: Societe General.fr, JCDecaux.fr, Veolia.fr, Coca Cola.uk, WSH.uk.
Forex & Commodities markets
FX markets responded with some strength in the dollar following the release of the FOMC statement which had a minor impact on the markets. Metals and the AUD were the losers on the day while OIL had little reaction to the inventories number. UK Services PMI at 9:30 am is the important news on the agenda Thursday.
Swing trades follow up –
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