The futures for the US indices indicate for a lower opening today, as yesterday the markets were closed for holidays.Most indices world wide stopped their move up and turned around to close in negative territories. Investors are still worried about Brexit and the impact on UK and Global economies. The European indices are trading with losses. It is possible to see corrections as the indices are up near their previous highs and the price of Oil is lower.
The GBP continue to fall after Carney gave his speech, some of the details he explained that additional credit will be extended to companies to be able to cope with the situation after Brexit. The economy already shows signs of stagnation and slowing down and the interest rate might be lowered to stimulate growth.
The price of Oil is trading lower at around $47.50 for a barrel and this creates negative effect over the indices. Gold was slightly lower however, continue to go up for now. US dollar did stabilize and its showing some strength, most notably against the NZD and AUD dollars.
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