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Top 3 things you need to know about the market on Thursday
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Loading...1. British Parliament votes on delaying Brexit
British lawmakers rejected the prospect of leaving the European Union without a deal in place on March 29, paving the way for another vote later in the day that could delay Brexit until at least the end of June.
The vote is set to take place at around 19:00 (GMT +2).
British finance minister Philip Hammond said Brussels might insist on a long delay to Brexit if the U.K. government requests an extension to the process.
May said on Wednesday lawmakers would need to agree a way forward before an extension could be obtained. An extension would need to be agreed unanimously with all other 27 EU member states, some of which have already said they don't want one.
2. China industrial output slows to 17-Year Low
Growth in China's industrial output fell to a 17-year low in the first two months of the year, pointing to further weakness in the world's second-biggest economy.
Pressured by weak demand at home and abroad, China's industrial output rose 5.3%in January-February, less than expected and the slowest pace since early 2002.
The downbeat data is likely to trigger more support measures from Beijing, which has been ramping up assistance in an effort to stabilize the economy.
3. U.S. Futures Inch Up
U.S. stock index futures inched up ahead of another fresh round of economic data.
Weekly jobless claims and import prices for February will be released at 14:30 (GMT +2). New home sales for January is set to follow at 16:00 (GMT +2).
The blue-chip Dow futures were up 32 points, or about 0.1%, the S&P 500 futures rose 3 points, or around 0.1%, while the tech-heavy Nasdaq 100 futures indicated a gain of 14 points, or roughly 0.2%.
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