Forex Marketz Daily Forex News – Fully Markets Update
The European markets are seen opening lower at the opening bell on Wednesday. European traders are watching regional political uncertainty in the United Kingdom. The UK supreme court has ruled that PM Johnson’s suspension of the Parliament was unlawful. Johnson has vowed that the UK will exit the European Union, no matter what, on October 31.
Markets will be focusing on U.S. political headlines. The Congress is moving ahead to formally impeach President Donald Trump.
Speaker of the House Nancy Pelosi, yesterday, announced that a formal inquiry into impeachment will begin. The Democrats are claiming that Trump pushed the Ukraine to investigate the family of Democratic presidential hopeful Joe Biden.
Futures are indicating that the European benchmark, in London, the FTSE 100 is seen opening lower by 14 points. The French CAC is seen opening lower by ten points and the German DAX is seen opening lower by 28 points when the opening bell rings.
European Traders Digest Political Uncertainty in the United States
On Tuesday, Democratic lawmakers in the U.S. House of Representatives began a formal impeachment inquiry into the U.S. President. Congressional lawmakers are accusing President Trump of seeking foreign help to undermine the presidential Democratic hopeful for U.S. President Joe Biden. He is running, against other Democrats to secure the nomination in 2020.
Yesterday, at the United Nations, President Donald Trump rebuked the trade practices of China. He made his comments before the General Assembly and said that he will not accept a “bad deal.”
Yesterday, the UK Supreme Court ruled that Boris Johnson’s decision to shut down parliament was unlawful. The British Prime Minister disagreed and vowed that the United Kingdom, no matter what, will exit the European Union on October 31.
