Recap on the Closing Bell


Wednesday passed relatively steady on the most important financial markets. European and American stock markets managed not to surrender to negative sentiment in Asia and both continents noted a higher close on Wednesday.

Markets' attention turned mainly to the FX market, where volatility entered and contributed to some significant changes (also because of geopolitical events). Yesterday's main macro data releases were: the ADP report and a GDP print in Australia.

Data concerning crude inventories in the US showed a print consistent with the earlier API release. WTI and Brent futures obviously plunged down but the contracts managed to make up for losses and now they're being quoted at daily highs.