19 July 2017 at 11:14 GMT
- European stocks boosted by favourable earnings reports
- Sweden's Electrolux posts above-forecast Q2 profit, raises N.America outlook
- Reckitt Benckiser shares rise on
$4 billion deal to sell food business
- Precious metals remain in demand as yields ease
- USD remains under pressure on Trump administration's legislative woes
- Generally muted FX trading session ahead of Thursday's ECB meeting
- Crude oil up on Saudi pledged to cut 1 million barrels/day more
Shares in Swedish white goods maker Electrolux jumped after the group posted
better-than-expected Q2 earnings. Photo: http://www.electroluxgroup.com/en
By the Global Sales Trading Team
- European stocks rose by midday on Wednesday, boosted by well-received corporate earnings reports, including from Swedish appliance maker Electrolux AB which reported forecast-beating second-quarter profits and raised its North American market forecast.
- More than $4 billion deal to sell food business boosts shares in UK's Reckitt Benckiser.
- Precious metals remain in demand on the back of easier yields.
- US president Donald Trump’s economic agenda is struggling to advance, and that is keeping market sentiment towards the US dollar weak.
- Crude oil prices gained on Saudi Arabia’s pledged to cut 1 million barrels/day more to counter the rise in producer countries not bound by the Opec-led production cut agreement.
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.