• U.S. & China making progress

    blogMarket Info Update
    USA and China Flags

    European markets received a boost this morning as reports suggested that the U.S. and China are making swift progress in their ongoing trade negotiations. It is believed that China has made significant proposals to put U.S. concerns to bed. The CAC 40, DAX 30 and FTSE 100 are all expected to open higher. It is, however, worth noting that gains will be capped as market sentiment is of concerns over economic growth.

    U.S. index futures were seen lower this morning as investors weigh the possibility of a recession. In the early hours of this morning, Dow futures, Nasdaq and S&P were all lower.

    In Brexit news, there is more uncertainty than ever as Prime Minister Theresa May offered to resign if her twice rejected divorce deal passed in parliament. Furthermore, the U.K. lawmakers failed to gain majority support on any Brexit alternatives. The uncertainty lingering over Brexit has seen the pound weaken overnight as GBPUSD fell from 1.3253 at 20:46 GMT and is currently trading at 1.3158 at 07:46 GMT.

    On the data front, we have the U.S. Final GBP q/q at 12:30 GMT along with U.S. Unemployment Claims. This will be followed by monthly U.S. Pending Home Sales at 14:00 GMT.

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