European markets traded slightly higher this morning as onlookers speculate a dovish view from the U.S. Federal Reserve along with merger talks coming out of Germany between Deutsche Bank and Commerzbank. Shares of Germany’s largest two banks rose over 3.5% as both parties confirmed they were in merger talks. The CAC 40, DAX 30 and FTSE 100 all edge up this morning.
In Brexit news, U.K. Prime Minister Theresa May is trying to gain support for her divorce deal once again. The PM only has 3 days to get backing from Parliament as the U.K. is expected to attend a final summit of the bloc’s leaders as an EU member on 21st March.
In commodities news, Gold traded lower as share markets rose ahead of the Federal Reserve’s meeting. Oil prices also fell this morning over concerns of an economic slowdown. Brent crude oil futures dropped down to $66.67 with West Texas Intermediate (WTI) dropping to $58.37 at 09:38 GMT.
On data front, not much to look at today however, the week ahead has plenty to digest with the main attention being on the all-important Brexit vote on Tuesday followed by the FOMC statement on Wednesday.
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