Entering into US session, the markets are relatively steady. Eyes are on no-confidence vote on UK Prime Minister Theresa May, and debate is going on in the parliament. Sterling is somewhat trading firm as chance of a delay in Brexit or even no Brexit increased after yesterday’s meaningful vote. We’d laid out several scenarios here. But we’ll have to see if May is still the Prime Minister tomorrow first.
Staying in the currency markets, Canadian and US Dollar are also firm today. The former is helped by recovery in oil price. WTI crude oil is back 51.85. Dollar continues to ignore record government shutdown in the US. At this point, New Zealand and Australian Dollar are the weakest ones. But Euro and Swiss Franc are not performing much better.
In other markets, major European indices are mixed:
- FTSE is down -0.45%
- DAX is up 0.01%
- CAC is up 0.20%
- German 10 year yield is up 0.022 at 0.2323
Earlier in Asia
- Nikkei dropped -0.55%
- Hong Kong HSI rose 0.27%
- China Shanghai SSE was flat
- Singapore Strait Times rose 0.52%
- Japan 10 year JGB yield dropped -0.0078 to 0.007
