Asia Stock Futures Mixed; Pound Slips After Vote: Markets Wrap

Stocks in Asia headed for a mixed start Wednesday after developments on Brexit sapped risk appetite, dragging U.S. shares lower with Treasury yields. The pound sank. Equity futures dropped in Japan and were little changed in both Hong Kong and Australia. The U.K. Parliament blocked Boris Johnson’s plan to rush his Brexit deal into law, leaving proceedings in limbo and a British election looking likely. European Council President Donald Tusk responded saying he’d recommend the EU accept the U.K.’s request for an extension. The dollar edged up.

TECHNICAL CHART 

KEY POINTS

  • We believe the BREXIT will get thru and GBP should rally against the USD
  • Markets are still cautious over US-CHINA Trade and BREXIT
  • Trade with Money Management in consideration at all times
  • Use Peso Averaging and stay conservative

Join us for 2 days course at Gateway Hotel – 2nd & 3rd November 2019 @ STOCK MARKET COURSE – REGISTER HERE

Article by: Ashok – Strategic Coach & Mentor – Philippine Stocks

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