• 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.

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