The British pound and European stocks belong to the problems of the Brexit Agreement Economy Markets



[ad_1]

London. -Breder pound depreciated and the markets of the rest of Europe fell on Thursday, after the expected resignation of the British chief negotiator in the expected Brexit deal fell into chaos only 12 hours after disclosure.

Until then, the markets looked relatively peaceful. Asia received the news that China and the United States contacted again to discuss their trade dispute and that the oil was stable once they emerged from a historic decline.

Then came a blow when British Minister for Brexit, Dominic Raab, resigned in protest of Prime Minister Therese's consent in May to leave the European Union.

The British pound lost its penny to $ 1.2830 and although the FTSE equity index strengthened, other European stock exchanges fell.

"The British pound's response suggests that the possibility of Brexit's agreement has increased sharply," said Tim Graf, head of the EMEA macro strategy on national markets in the world markets.

The carpet increased the demand for German government bonds, which were considered as protection assets. Returns to the German 10-year debt have fallen by more than three base points to 0.36%, which is the lowest level in more than two weeks.

European Union leaders said they would meet on November 25 to support the divorce agreement, but in May, it has now faced a much more difficult task for Parliament to reach an agreement on what has been agreed.

On stock markets, the US oil futures contracts stabilized at a slight increase again to $ 56.35 a barrel. Brent's crude oil output reached 0.4% to $ 66.42 per barrel.

The wider MSCI index of shares in the Asia-Pacific region outside Japan fell after falling to 0.8 percent when a sharp drop in oil prices caused anxiety about the global growth prospect.

The Shanghai Composite index rose by 0.9%, while Hang Seng ended up with a 0.8% prepayment in Hong Kong, while Japan's Nikkei lost 0.2%.

[ad_2]
Source link