A much more lively day after having had a couple of slow days. Earnings the obvious driver but our analysts also bombarding us with their previews for upcoming results (please shout if you are looking for one specifically). Volumes also more encouraging with EU indices trading +17% above their 1day AVAT. Across the pond, Facebook, Amazon, Apple and Google all due to report tomorrow so investors will definitely have their eyes on the sector (including Microsoft – the 5 stocks now account for 22% of S&P 500 market cap). We also have the FOMC announcing its rate decision at 19:00 BST and as history tells us, FOMC days are usually up days. Powell's record is not as clear as Bernanke's and Yellen's so let’s see how today’s session ends. Probably mixed once again…ES1 currently +0.2%, VGA -0.2%.
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