European stocks were expected to open mixed Thursday morning as traders remain in limbo over an expected delay to the U.K.s departure from the European Union, while corporate earnings season gathers pace.
Asia Pacific shares jumped in early trade, as latest figures showed that South Koreas economy continued to slow. Investors, meanwhile, look ahead to the European Central Bank meeting on Thursday.
The pound has soared 6% in two weeks of volatile trade since British Prime Minister Boris Johnson flagged and then clinched a deal with the EU on the terms of Britains exit from the bloc.
U.S. crude inventories fell 1.7 million barrels in the week ended Oct. 18, compared with analysts expectations for a 2.2 million barrel build, data from the Energy Information Administration showed.
EU member states on Wednesday delayed a decision on whether to grant Britain a three-month Brexit extension, while Prime Minister Boris Johnson said if the deadline is deferred to the end of January he would call an election by Christmas.
European stocks traded largely flat Wednesday after Prime Minister Boris Johnson pressed pause on the progression of his Brexit deal.
Major Asia Pacific markets fell in the afternoon on Wednesday, as Brexit developments overnight meant the deadline for U.K. to leave the EU would likely be delayed yet again.
The dollar and British pound were steady on Wednesday as European Union leaders consider Britains request for a Brexit delay, and are expected to grant a three-month extension to the Oct. 31 deadline for its departure.
Gold rose on Wednesday as some investors sought refuge in the metal after UK lawmakers pushed the pause button on Brexit, while expectations of further monetary easing by central banks lent further support.
Oil moved higher on Wednesday as U.S. crude inventories decreased by 1.7 million barrels in the week ending October 18, according to the U.S. Energy Information Administration.
European markets closed slightly higher on Tuesday, as U.K. lawmakers debated Prime Minister Boris Johnsons EU Withdrawal Agreement Bill ahead of two crucial votes.
Major indexes in Australia, South Korea, China and Hong Kong rose as investor sentiment likely improved around ongoing negotiations between the United States and China.
Gold steadied in a tight range on Tuesday as investors adopted a cautious approach ahead of a crucial Brexit vote, while focus shifted to the U.S. Federal Reserves stance on interest rate cuts.
Oil prices were higher following a report that OPEC and its allies would consider deeper production cuts when they meet in December.
The dollar rose on Tuesday against the pound and euro as uncertainty spread ahead of the British parliaments vote on the Withdrawal Agreement Bill which will shine light on when and how Britain will exit the EU.
European stocks closed higher on Monday despite fresh uncertainty as U.K. leader Boris Johnson was denied a parliamentary vote on his Brexit deal.
U.K. Prime Minister Boris Johnson was thwarted by a cross-party group of politicians in Parliament who voted to postpone the meaningful vote on his new Brexit deal.
The dollar was crawling toward its worst month since January 2018 on Monday as intermittent waves of Brexit optimism pushed the pound to a 5-1/2 month high and kept the euros bumper October intact.
Oil prices fell nearly 1% on Monday after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon, feeding worries that a slowing global economy would reduce demand for oil.
Gold eased on Monday on improved appetite for riskier assets, while investors awaited further clarity from the U.S. Federal Reserve on possible interest rate cuts this year.
Stocks making the biggest moves after hours: Tesla, Ford, PayPal and more
Thursdays manufacturing related data could show whether cracks in economy are widening
Stocks making the biggest moves midday: Boeing, Six Flags, CrowdStrike, Snap and more
Stocks making the biggest moves premarket: Boeing, Caterpillar, Blackstone, Eli Lilly, Nike & more
Stocks making the biggest moves after hours: Snap, Texas Instruments, Chipotle and more
Got a confidential news tip? We want to hear from you.
Sign up for free newsletters and get more CNBC delivered to your inbox
©2019CNBC LLC. All Rights Reserved.A Division of NBCUniversal
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.