Entering into US session, Sterling is currently the weakest one for today. The indicative votes in the UK House of Commons yesterday indicated again what the MPs didn’t want, but not what they want regarding Brexit. Prime Minister is believed to be continuously working on support for her deal. But such a deal is dead if Northern Ireland’s DUP doesn’t switch than rejection stance. And, EU’s Schinas reminded British government again that if the deal is not ratified this week, Article 50 will only be extended to April 12, not May 22.
Staying in the currency markets, Euro is the second weakest for now. Eurozone economic sentiment deteriorated in March, as dragged down by markedly lower industrial confidence. German CPI also missed expectation and slowed to 1.3% yoy. Swiss Franc is the third weakest. Meanwhile, Australian, Zealand, US Dollar and Yen are the stronger ones. The greenback is shrugs off downward revision in Q4 GDP growth to just 2.2% annualized.
In Europe, currently:
- FTSE is up 0.41%.
- DAX is up 0.25%.
- CAC is up 0.11%.
- German 10-year yield is up 0.006 at -0.072.
Earlier in Asian:
- Nikkei dropped -1.61%.
- Hong Kong HSI rose 0.16%.
- China Shanghai SSE dropped -0.92%, lost 3000 handle.
- Singapore Strait Times rose 0.16%.
- Japan 10-year JGB yield dropped -0.0263 to -0.092, heading towards -0.1 handle.
