U.S.-China negotiates trade, EU Mulls Brexit Delay
Created 10/25/2019 at 09:06AM
AUD and EUR are the top G10 FX gainers today, up 0.21% and 0.14% vs the dollar while NZD and NOK are the top losers, down -0.25% and -0.18% vs the dollar.
The Brexit saga continued with the EU starting the discussion on the length of another Brexit delay. PM Boris Johnson has finally admitted that he would not meet his deadline of 31st October. Johnson now wants a 12th December Election and Opposition leader Jeremy Corbyn also agrees but Corbyn wants to first wait and see the EU reply.
In the Asian equities space, the Nikkei 225 closed 0.22% higher at 22,799.81, Hang Seng closed -0.49% at 26667.39 and Kospi ended 0.11% at 2087.89. The European equities were trading mixed with the FTSE -0.28% at 7307.98, DAX -0.15% at 12852.53, and CAC 0.04% at 5686.46. In the rates market, global yields were trading firmer; the US 10-year yield was trading at 1.7679% and the Bund 10-year yield trading at -0.386%. In the energy space, the Brent (front month) is trading down (-0.55%) for the day at $61.33.
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