Sad news on Friday - 4 Things to know for today
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Brexit campaigning suspended
The EU referendum debate in the U.K. has been overshadowed by the killing of lawmaker Jo Cox, who was shot and stabbed after meeting constituents in her district in northern England.
Both sides have suspended their campaigns, and the Bank of England governor Mark Carney canceled a speech planned for Thursday night.
Fears over the outcome of the referendum have rattled currency markets recently after a wave of polls suggested the U.K. could vote to leave. The pound fell to a fresh two-month low against the dollar on Thursday, before bouncing back.
2. Euro zone approves bailout Greece
In the never-ending story of financing for Greece, euro zone finance ministers finally approved €7.5 billion ($8.4 billion) in assistance for Athens as part of the next bailout tranche.
Officials gave the green light after Greece made what they considered to be sufficient progress on reforms with the money expected to arrive in time for Athens to meet two debt repayments due to the European Central Bank (ECB) next week.
3. International markets overview
European markets are all up in early trading. Eurozone finance ministers approved a 7.5 billion euro ($8.4 billion) bailout loan for Greece on Thursday, after completing the first review of the country's economic program.
The loans were agreed last summer, but their disbursement depended on the Greek government meeting the lenders' demands.
Major Asian markets ended the session in positive territory.
The U.S. Census Bureau is set to issue its May Housing Starts and Building Permits reports at 8:30a ET.
Mario Draghi, the president of European Central Bank, will speak at 11 a.m. ET.
4. Thursday market recap
The Dow Jones industrial average went on a wild ride on Thursday, plunging as much as 169 points and then closing 93 points up. The S&P 500 finished 0.3% higher, while the Nasdaq added 0.2%.