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Wednesday, 16 January 2019 13:00

Global shares weather a UK political storm

Global shares weather a UK political storm

Global share markets and the sterling weathered a UK political storm as investors wagered that London will have no choice but to delay its Brexit deadline to avoid a disorderly exit from the European Union. Trading in Asian equities on Wednesday broadly mirrored overnight resilience in the face of the latest setback for British Prime Minister Theresa May, Caspian Energy News (www.caspianenergy.net) reports with reference to Reuters.

European shares are also seen steady to firmer, with spread-betters looking to a rise of 0.3 percent in Germany’s DAX and a flat opening in Britain’s FTSE and France’s CAC.

Sterling was last trading at $1.2862 on the dollar, having quickly recovered from its brief losses to $1.2670 late on Tuesday right after May’s plan was voted down by a bigger-than-expected margin.

MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.14 percent in late trade, with Australian shares hitting two-month highs and South Korea’s Kospi and Hong Kong’s Hang Seng reaching six-week tops.

Equity markets had rallied on Tuesday after Chinese officials came out in force to signal more measures to stabilise a slowing economy. Underscoring that commitment, China’s central bank earlier on Wednesday injected a record amount of money into the country’s financial system.

More details: https://af.reuters.com/article/commoditiesNews/idAFL3N1ZG2AG

Person in charge of the newsline: Olga Nagiyeva 

 

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