This morning majority sectors and bourses rallied in Europe on the back of positive earnings results; another contributing factor being fresh optimism on the latest US-China trade talks.
US index futures also moved higher as investors keep a keen eye on the trade talks in China. US President Trump alluded to the fact that trade talks between the two countries were “going very well”.
Gold made gains this morning on expectations that the Federal Reserve will hold off raising rates this year. Oil also rose this morning as Chinese trade data beat expectations. WTI crude and Brent crude were both higher; progression in the US-China trade talks was another contributing factor.
In Brexit news, it appears The UK Prime Minister Theresa May is yet again set for defeat in the House of Commons as MPs will vote on May’s withdrawal stance. Eurosceptic members of the Prime Minister’s party are rumoured to vote against their leader as her plan means the PM will abandon a no-deal Brexit. All the uncertainty around Brexit has seen the pound fall off this morning; traders will keep a key eye on the pound as voting commences.
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