European Indices closed with strong gains in a broad rally led by Autos, Industrials and Health – Care Stocks. The FTSE led European Markets higher, closing with a gain of 2.3%, helped by a falling Pound as Brexit Talks plunged into crisis following Britain’s threat to override its EU ‘’Divorce Deal’’. Sterling closed 0.5% lower against both the Euro and the U.S Dollar. The U.S Markets were closed for the Labour Day Holiday. This did not stop the S&P Futures Market from having plenty of two-way price action with the market rebounding from a 1% hit to close 0.3% higher. Softbank came under heavy selling pressure following media reports that it has spent at least $4billion buying Call Options on U.S Technology Stocks. In Currency Markets the Euro and Dollar were steady in low-volume trading as traders wait for the latest ECB Meeting on Thursday. Overnight, U.S Futures made further gains along with Asian Markets as investors weighed last week’s 10% fall in the NASDAQ to be overdone.
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For anyone following my Platinum Service it was flat yesterday as none of my calls were hit and I am still ahead by 194 points for September, having made 2383 points in August, 3128 points in July, 2580 points in June, 2456 points in May, 4773 points in April, an incredible 9264 points in March, 2223 points in February and 2142 points in January. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points
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