• UK parliament votes to extend article 50

    European markets were bolstered this morning as U.K. lawmakers voted to delay Brexit for a minimum of three months. The EU Stoxx 600 traded higher as major bourses were we in positive territory. The CAC 40, DAX 30 were both up, as was the FTSE 100.

    U.S. index futures also traded higher this morning as market participants reacted to Brexit developments along with the latest progress between U.S.-China trade talks. The Dow Jones Industrial Average (DJIA), Nasdaq 100 and S&P 500 all traded higher.

    Picking out individual stocks, UBS (SWX: UBSG) shares fell 1% after the Swiss Bank stated it will set aside €450 million to appeal against a €4.5 billion fine imposed by a French court for money laundering.

    In commodities news, Gold was slightly higher as the dollar weakened over fears of a global slowdown in economic growth. Oil prices traded at a year high on the back of OPEC production cuts along with sanctions imposed on Venezuela and Iran by the US. WTI crude oil futures traded at $58.94 at 08:28 GMT. Brent crude oil futures traded at $67.69 at 08:29 GMT.

    Disclaimer:
    Spread Co is an execution only service provider. The material on this page is for general information purposes only and nothing contained herein constitutes (or should be taken to constitute) financial or other advice which should be relied upon. It has not been prepared with your personal circumstances, financial situation, needs or objectives in mind, therefore any actions taken or not taken by any person on the basis of this material is done entirely at their own risk. Spread Co accepts no responsibility whatsoever for any such actions, inactions or resulting consequences. No opinion expressed in the material shall amount to (or be taken to amount to) an endorsement, recommendation or other such affirmation of the suitability or unsuitability of any particular investment, transaction, strategy or approach for any specific person. This material has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. As such, this communication is not subject to any prohibition on dealing ahead of the dissemination of investment research. Nonetheless, Spread Co operates a conflict of interest policy to prevent the risk of material damage to our clients.