European markets traded sideways and higher and closed the week on a positive note with all major sectors other than banking stocks and leading bourses in positive territory. Societe General.fr earnings disappointed investors and the French banking giant took a 4% dive on the news that pushed the sector to a negative close. All other French banks stocks closed in the red, AXA was down more than 2.7%.
|NMC Health.uk||4.29%||ST James.uk||-1.5%|
Forex & Commodities markets:
The dollar index was higher following the job report Friday afternoon, gaining vs most majors other than the sterling. Metals moved lower on the news with Gold trading under 1270$ per ounce and Silver plummeting 1.8% and reversing all the gains from Wednesday FOMC news. OIL was the big gainer on the day closing at year highs, at 55.8$ on supply fears. There is no important news on the agenda Monday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|
|Societe General.fr||46.24||300||164||3/10||46.9||New position|