European markets traded in narrow ranges and managed another positive close despite weakness in the banking sector. The DAX touched the 13,000 level for the first time ever before moving lower while most major sectors other than banks closed in the green. The FTSE was higher on sterling weakness and a proposed delay in the Brexit process. Airlines stocks were amongst the best performers while retail stocks had another red day across the board.
Forex & Commodities markets:
The dollar index was higher ahead of the most important CPI number today at noon. The sterling was the big mover in the markets Thursday, tumbling in the morning and then reversing more than one percent on another Brexit proposal, this time creating another delay in the process. The US CPI number and US Retail sales at 1:30 pm GMT are the important news on the agenda Friday.
Swing trades follow up –
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