The FTSE 100 Futures is trading at 7,368.20 up with +0.08% percent or+6.20 point. The CAC 40 Futures is trading at 5,475.20 with a loss of -0.09% percent or -4.80 point. The DAX Futures is trading at 11,952.50 with a loss of -0.06% percent or -7.40 point. The EURO Stoxx 50 Futures trading at 3,356.00 with a loss of -0.18% percent or -6.00 point.
TODAY’S FACTORS AND EVENTS
Prime Minister Theresa May had requested an extension until 30th June, but the EU agreed late on Wednesday to extend Article 50 until 31st October, with a review on progress in June.
Neil Wilson, chief market analyst at Markets.com, pointed out that the pound briefly rallied against the US dollar but cable was unable to maintain any bid above 1.31.
“The problem for traders and investors is that the extension to October 31 does not bring us any closer to a resolution. The cliff-edge has simply been pushed back. We are in a period of peak uncertainty for UK politics and that won’t help investors pile back into UK assets. We must anticipate Theresa May continuing to try to ram her deal home at whatever cost.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,143.05 with a loss of -0.054% percent or –14.11 point. The S&P 500 is trading at 2,888.32 up with +0.0038% percent or +0.11 point. The Nasdaq Composite is trading at 7,947.36 with a loss of -0.21% percent or -16.88 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,870.56 up with +0.73% percent or +159.18 point. Hong Kong’s Hang Seng is trading at 29,764.44 with a loss of -0.25% percent or -75.01 point. China’s Shanghai Composite is trading at 3,188.63 with a loss of -0.042% percent or -1.34 point. India’s BSE Sensex is trading at 38,593.57 with a loss of -0.035% percent or -13.44 point at 12:15 PM.