It’s been a relatively positive start to trading in Europe on Wednesday, with much of the attention falling on President Donald Trump’s decision to withdraw from the Iran nuclear deal. Crude oil is back trading at three-and-a-half year highs this morning after Trump confirmed that the United States will be withdrawing from the Iran nuclear deal and sanctions will be restored.
Stock markets have got off to a relatively positive start on Monday, despite the United States, UK and France carrying out targeted strikes in Syria over the weekend in response to the chemical weapons attack a couple of weeks ago.
U.S. futures are back in negative territory ahead of the open on Wednesday, as stocks continue to fluctuate against the backdrop of a potential trade war. Investors are also awaiting the release of the FOMC minutes from the March meeting.
It’s not often that the see a miss of around 88,000 in the US job creation figures and markets shrug it off but that’s exactly what we’ve seen today. The U.S. jobs report was somewhat overshadowed this week by the ongoing back and forth between the world’s two largest economies, which has threatened to disrupt the period of strong growth the global economy is seeing.