Jump to content

Daylight saving time - Impact on markets


Recommended Posts

Hey everyone, 

As you're aware UK and European clocks went back one hour when daylight saving time (DST) ended on Sunday 27 October. From that date until Sunday 3 November, the end of US DST, there are a number of changes to our opening hours:


•  US and Canadian markets will trade one hour earlier in UK time. For example, US and Canadian shares will be quoted between 1.30pm and 8pm 
•  All forex markets opened at 9pm on Sunday 27 October and will close at 9pm on Friday 1 November  
•  24-hour dealing on indices will opened at 10pm on Sunday 27 October and close at 9pm on Friday 1 November  
•  US shares (all sessions) will run from 8am to midnight Monday to Thursday, and from 8am to 9pm on Friday 1 November 
•  In-hours trading on Eurex futures (including the Germany 30) will be available one hour earlier at 12:10am
•  Expiring US markets will be settling an hour earlier than usual
•  New York Cocoa, Sugar and Coffee, and London Sugar all close an hour earlier than normal
•  Weekend trading on indices will open at the same time (4am Saturday), but will close one hour earlier (9.40pm Sunday) 
 

The dealing desk will also close early at 9pm on Friday 1 November.

From Sunday 3 November, the above will revert to their usual hours. 

Thanks - Any questions just ask :) 

Link to comment
  • 11 months later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,028
    • Total Posts
      88,036
    • Total Members
      69,020
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    COOLOL
    Joined 28/09/22 15:26
  • Posts

    • In this week’s Trading the Trend, Axel Rudolph FSTA looks at the downward trend of the German DAX, going short on the bounce to 12,300, with a stop-loss at 12,940 and a long-term downside target of 11,500. ig        
    • BRITISH POUND TALKING POINTS: GBP/USD was in a difficult spot earlier in September and the problem has continued to devolve. It’s a negative feedback type situation around the UK and the British Pound with a collapsing currency leading to surging bond yields which led to a BoE intervention effort that’s led to more currency collapse. It’s a painful feedback loop that hasn’t yet stopped. Is there hope on the horizon? And is this a problem that will be relegated to the UK, as it has similar hues to problems being seen in Europe and the United States. The current backdrop is messy as bonds and FX are screaming panic and meanwhile, US equities look relatively calm. I discussed this at-length in yesterday’s webinar. The British Pound collapsed last week, or so we thought, only to open our platforms this week to see what a collapse in a major currency actually looked like. GBP/USD has set a fresh all-time-low and perhaps more disturbingly, in the days since, price hasn’t really rebounded much. Sellers are still hitting the pair and now there’s other dislocations that are taking place.   The UK is faced with a similar problem as Europe and the US with extreme inflation. All three Central Banks were rather calm as inflation built through much of last year but this year, as inflation continued to run-higher even after initial tightening efforts, worry started to show given that central bank efforts were not only unsuccessful but also appearing to bring on even more problems. Full article and technical analysis: Sep 28, 2022 | James Stanley, Senior Strategist | DailyFX
    • What market data to trade on Thursday: EUR/USD, NXT, MU & NKE The downward trend for the Dax is expected to continue on Thursday with the upside risk to German inflation data. IGTV’s Jeremy Naylor looks at EUR/USD. Earnings out on Thursday include Next (NXT), Micron Tech (MU) and Nike (NKE).        
×
×
  • Create New...