FTSE to open cautiously as US to quit Paris accord
Source - SMW
London equities will likely begin Friday cautiously, with sterling mildly lower on the dollar and euro, as the world processes news that the US is withdrawing from the 2015 Paris climate agreement.
President Donald Trump said he was willing to negotiate a new agreement, or re-enter the accord on improved terms. The move drew strong reactions around the world.
Returning to the markets, there was precious little in the UK corporate diary save for a few shareholder meetings.
However, on the economic front UK's construction PMI would be scrutinised this morning. This afternoon, US' employment data and its trade balance would also be closely watched.
US & ASIA
On Wall St overnight, the Dow Jones Industrial Average rose 0.65% to 21,144.18, the S&P 500 firmed 0.76% to 2430.06 and the Nasdaq Composite gained 0.78% to 6246.83.
In Asia this morning, the Nikkei 225 had improved 1.81% to 20,218.64, while the Hang Seng firmed 0.41% to 25,914.81.
At 5.52am, WTI crude was down 0.68% to $48.03/bbl and Brent was down 0.55% to $50.35. Gold was down 0.52% to $1263.5/oz, with silver and copper also lower.
Shareholder meetings are scheduled for Honeycomb Investment Trust, Manx Financial, Novolipetsk Iron & Steel and Sphere Medical.