5 Things to know in the Market on Thursday

1.Oil prices recovered slightly on Thursday morning, but held near their lowest level in around ten months amid lingering concerns over strong shale output growth in the U.S.

2.Global stock markets stumbled on Thursday, as investors reacted to ongoing weakness in the oil market. On Wall Street, the tech-heavy Nasdaq 100 futures pointed to a drop of 8 points, or roughly 0.1%, at the open, the blue-chip Dow futures shed 28 points, or about 0.1%, while the S&P 500 futures ticked down 5 points, or around 0.2%.

3. GOP plan to release their version of healthcare reform legislation at 9:30AM, the first time the public will get to see what they have been working on behind closed doors. The bill is expected to roll back the Obamacare expansion of the Medicaid healthcare program for the poor and reshape subsidies to low-income people buying private insurance.

4.EU leaders gather to discuss Brexit. The first day of a two-day summit of European Union leaders kicks off in Brussels on Thursday. At the summit, leaders are set to focus on two main objectives, strengthening the EU and protecting its citizens. Therefore key topics set to arise include terrorism, security, globalization and climate change.British Prime Minister Theresa May is expected to make an appearance at the summit, where she is likely to inform other leaders of the U.K.'s intentions.

5.Ethereum crashed in overnight trade but has since recouped nearly all its losses.

Source: Bloomberg pro terminal

Jr Trader Zornitsa Karadzova