Forex Marketz Daily Forex News – Fully Markets Update
Futures, according to IG, show that the European stock markets will open Thursday morning on the back foot. European traders are looking at and digesting Brexit headlines.
Yesterday U.K. Prime Minister Theresa May narrowly survived a no-confidence vote brought by the opposition Labor Party. European markets are also concerned over the sowing economy in China as well as ongoing trade disputes originating from the United States.
Looking at futures, the London benchmark, the FTSE 100 is seen 30 points lower. The German benchmark, the DAX is seen 42 points lower and the French benchmark, the CAC 40 is seen almost twenty points lower when he bell rings Thursday.
European Traders Look at Brexit Developments with Angst
Traders are looking at the latest Brexit developments. Yesterday, U.K. Prime Minister Theresa May narrowly survived a no-confidence vote in parliament.
May was able to win by a narrow margin of 19 votes.
Shortly after winning the vote, needed to avoid a general election, May urged other parliamentary parties and their leaders to hold negotiations. She would like to break the ongoing stalemate over a Brexit divorce deal.
An outline for a second option is due by Monday next week. Regional traders are expecting London to push for an extension of Article 50, which sees the U.K. exiting the European Union, past March 29.
