13 September 2017 at 11:22 GMT
- Major European equity indices slipped modestly by midday
- Declines led by basic materials, healthcare and consumers goods sectors
- USD little changed; GBPUSD backed off a one-year high on soft UK wage growth
- UK unemployment unchanged at 2.3%
- WTI crude oil climbs to $48.7/barrel with boost from IEA report
European stocks slipped on Wednesday. Photo: Shutterstock
By the Global Sales Trading Team
- European stocks slipped in the first half of the session on Wednesday, led by basic materials, healthcare and consumers goods sectors.
- The US dollar was little change before key US inflation and retails sales data slated for Thursday and Friday. GBPUSD retreated from a one-year high to 1.3257 after wage growth in Britain came in at 2.1%, which was weaker than expected.
- UK unemployment unchanged at 2.3%.
- EU industrial output up 0.1% month-on-month in line with expectations.
- WTI crude oil prices got a boost to $48.7/barrel, with the IEA's oil market report showing demand growing at the fastest pace since 2015
- Gold is being kept in check by increased risk appetite elsewhere.
Please click on the attached PDF for the Saxo Bank Global Sales Trading team's overview of the mid-session movements seen in forex, equity, FX option, commodity, and bond markets.