Daily Summary: Wall Street gains but techs lag

• European stocks finished trading mixed

• Wall Street gains but tech sector lags

• GBP continues slide amid continued EU-UK stand-off

• Gains on the oil market

• Nikola plunges as number of critics increases

In spite of an upbeat Asian session, European indices traded mixed today. Blue chip indices from the Western Europe finished today's session higher with Swiss and UK equities booking the biggest gains. On the other hand, declines were spotted in Austria and Spain. Session on Wall Street started with a minor bullish gap. However, indices disconnected later on with the tech sector moving lower while S&P 500 and Dow Jones adding to previous gains. Citron Research joined a choir of Nikola's critics triggering a double-digit drop in the share price. Elsewhere, Peloton and Oracle gained after solid quarterly results.

We have seen some significant moves on the FX front. GBP continued to move lower amid continued EU-UK stand off. Some reports surfaced saying that European Parliament may attempt to veto any future trade deal should the United Kingdom walk away from last year's Withdrawal Agreement. Elsewhere, Japanese yen weakened ahead of a key week in Japan's politics. Successor to former Prime Minister Shinzo Abe is likely to be appointed next week. EURUSD deepened drop today following yesterday's ECB-related surge. USD gained after the CPI report for August showed US inflation accelerating more than expected.

Strong gains could have been spotted on the commodities market. Brent gains around 1% while WTI trades over 1.5% higher. Industrial metals and commodities booked strong gains as well.

While Dow Jones and S&P 500 trade higher, Nasdaq managed to break below yesterday's low. US100 trades within a striking distance of psychological 11,000 pts mark. Source: xStation5