Another sort of hopeful morning with nearly all indices and sectors trading in the green for most of the session (note the CAC and IBEX recently turned to trade in the red). Autos leading the way once again (up +6% so far this week) while Banks currently one of the three sectors in the red (SXAP -0.7%). Index wise, DAX definitely the winner (PMI data helping the case) and currently trading above the Sep high of 13460 (13533 last). Next resistance at 13795/13800 area (Feb’s all-time high). Volumes all pretty mixed but overall +28% higher than yesterday. More noise on the Brexit front today but the focus moves to the Fed this afternoon. Expectations for a Christmas gift have certainly decreased but hopefully investors get a surprise.
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