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Asian stocks are at a 10-year high following another green day in Japan and Hong Kong. Meanwhile, Madrid has given the breakaway region of Catalonia until Monday to knuckle under.
Article / 12 October 2017 at 11:18 GMT

Mid-session Europe: Equities lower despite strong industrial data

Saxo Markets
Denmark
  • USD struggling after dovish Fed minutes
  • Eurozone industrial production beats forecasts
  • Oil softer ahead of today's status report from the EIA
  • Gold higher for fifth straight day, aiming for $1,300/oz

USD
 The greenback is being hurt the Fed's dovish noises and a loss of confidence in Trump's tax plan. Picture: Shutterstock


By the Global Sales Trading Team

  •  EU Industrial Output data beat the expectations at 1.4% versus 0.5% expected (month-on-month) and 3.8% versus 2.6% expected (year-on-year).
  • EURSEK received a boost towards the 9.60 area on a weak Sweden CPI release .
  • European stocks were in the red by mid-session despite a positive report on industrial production and new highs in Asia .
  • Gold is trading higher for a fifth day and has tested resistance at $1297.5/oz in response to a weaker dollar and lower yields .

Please click on the attached PDF for the Saxo Bank Global Sales Team's overview of the mid-session movements seen in forex, equity, FX option, commodity, and bond markets.

Download document

Mid-session Europe: October 12, 2017

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