- Markets and the pound appear to have weathered a U.K. political storm, with most global equity indexes posting gains or moderate losses.
- Investors seem to have wagered that London will have no choice but to delay its Brexit deadline after Theresa May suffered a huge parliamentary defeat on her Brexit plan, prompting a no-confidence motion from Labour and the EU to say it won't renegotiate.
- The landmark defeat also means a likely delay to the next BOE interest rate hike, until the shape of Brexit is more clearly known. Sterling +0.1% to $1.2874.
- Asia: Nikkei -0.6%; Hang Seng flat; Shanghai +0.3%; Sensex flat.
- Europe: FTSE 100 -0.1%. CAC 30 +0.4%. DAX +0.1%.
- U.S. futures: Dow +0.3%; S&P 500 +0.3%; Nasdaq +0.1%.
- Oil is up 0.3% at $52.28/bbl, gold is 0.2% higher at $1291/ounce and the 10-year Treasury yield is up 1 bps to 2.72%.
- ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, OTC:SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV, FXB, EWU, OTC:GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGBR, DGBP, FLGB, UGBP
- Now read: Doctor Copper Is A Quack
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