Top Market Trends for Jan 03, 2018
Gotta love that equal playin’ field: Europe stocks rise with the start of MiFID
Euro finally loosens its stranglehold on stock with first drop in 6 days
New regulation to help trading things go smoothly. The day when MiFID kicks in we see shares in Europe on the rise.
It started as a good day in Asia and Europe finally manages to catch the green wave from the East. The dollar stopped it’s 5-day streak of retreats.
Stoxx 600 advanced with automakers managing to bounce off from Tuesday and chemicals and techs leading the pack. Guess the Christmas break still ain’t over for many folks as trading volumes are 25% lower than the 30-day average.
On the commodities side, crude oil’s trading highest in 3 years. It passed the $62 resistance line this morning.
Elsewhere we expect the Fed’s minutes from its last meeting and the US CONSTRUCTION SPENDING.