European markets, back on their right track
The European markets were encouraged by the Italian bank stocks. Italy's largest lender, Unicredit, divulged an aggressive reestablishment plan.
The bounce back fed the idea that the banking sector can get over the recent problems.
In Europe, FTSE 100 in London went up 0.52%, DAX in Germany rose 0.86%, FTSE MIB in Italy went up 1.92%, while CAC 40 in France added 0.81%.
In the United Kingdom, the annual rate of inflation rose by 1.2% in the month of November, reaching its highest level since October 2014.
The price of imports in UK were pushed by the Brexit. (Britain's vote to leave the European Union).
In November, the Bank of England declared that the inflation could increase by 2.8% by 2018. The Bank of England is expected to keep its interest rates steady at Thursday's meeting.
The pound went stronger after the reports and the GBP/USD pair went up 0.2% at 1.2705.
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On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy
The gold prices dropped below $1.200
Taking into account today’s volatile economy GTCM endeavors to provide its clients with a secure trading environment and strong financial services. We aim to establish a strong relationship with our customers by providing them with ease, transparency and accountability on all their account activities
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