Entering into US session, Sterling is the weakest one for today despite solid employment data. UK unemployment rate stayed at 45-year low while wage growth accelerated. But that’s overshadowed by renewing no-deal Brexit fear. Both runners Boris Johnson and Jeremy Hunt rejected Irish backstop in any part of Brexit deal. Such position will make Brexit negotiations very tough ahead. Euro is the second weakest as German ZEW Economic Sentiment deteriorated further in July.
On the other hand, New Zealand Dollar is the strongest one as CPI accelerated in Q2 as expected. Dollar follows as the second strongest. However, the greenback will face tests from retail sales and industrial production data.
- FTSE is up 0.43%.
- DAX is up 0.19%.
- CAC is up 0.51%.
- German 10-year yield is down -0.013 at -0.265.
Earlier in Asia:
- Nikkei dropped -0.69%.
- Hong Kong HSI rose 0.23%.
- China Shanghai SSE dropped -0.16%.
- Singapore Strait Times rose 0.36%.
- Japan 10-year JGB yield dropped -0.0071 to -0.121.