Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement.
The move derailed Prime Minister Boris Johnson's plan for a decision on his withdrawal deal, but the pound held the bulk of its recent rally on confidence that a disorderly exit from the European Union would be avoided.
In early Asian trade, the pound fell 0.72% to $1.2896, having hit a five-month peak of $1.2990...
Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain's divorce from the European Union.
MSCI's broadest index of Asia-Pacific shares outside Japan were flat, with Australian shares off down 0.3%. Japan's Nikkei rose 0.13%.
The Brexit maelstrom, worries over slowing global growth and international trade frictions have kept investors on edge over recent months. Oil futures fell as lingering economic...
Gold is flat in early Asian trade. Traders are most likely looking for the next catalyst that will lift gold prices, AxiTrader says.
Meanwhile, gold is likely to remain supported by recent weak global economic data and risks related to U.S.-China trade tensions in the near term, it says. Spot gold is flat at $1,490.57/oz.
Source : Bloomberg
Tokyo stocks opened higher on Monday after British Prime Minister Boris Johnson's latest failure to break the Brexit deadlock, with eyes shifting to Japanese corporate earnings season starting this week.
The benchmark Nikkei 225 index was up 0.25 percent, or 55.82 points, at 22,548.50 in early trade, while the broader Topix index was rose 0.28 percent, or 4.58 points, to 1,626.57.
Source : AFP
Hong Kong stocks started Monday with small gains after China's top negotiator hailed "substantial progress" in pushing through a partial trade deal with the United States.
The Hang Seng Index added 0.08 per cent, or 21.84 points, to 26,741.42.
The benchmark Shanghai Composite Index edged down 0.14 per cent, or 4.24 points, to 2,933.90 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was marginally higher, gaining 0.63 points to 1,616.09.
Source : AFP