Daily Roundup - Pre-Market Open
Stocks in London are expected to open sharply higher on Friday with IG calling the FTSE 100 up 81 points at 10,385. Investor sentiment has improved after US President Donald Trump said a peace agreement with Iran could be signed within days and withdrew threats of further military strikes. The easing of geopolitical tensions pushed Brent crude down to US$88.13 per barrel from US$92.95, while global equity markets rallied. Wall Street closed strongly higher overnight with the Nasdaq gaining 2.5%, while Asian markets followed suit led by a 3.5% rise in Japan’s Nikkei. Attention will also focus on the historic debut of SpaceX on Nasdaq following its record-breaking US$75 billion IPO, valuing the company at almost US$1.8 trillion. In the UK, investors will be watching GDP, industrial production and trade balance data later today, while gold rose to US$4,176 per ounce as markets continue to balance optimism over peace talks with ongoing macroeconomic uncertainty.