Global shares weather May’s Brexit debacle, pound steadies

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.


  • MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) ticked up 0.14 percent.
  • Japan’s Nikkei (N225) lost 0.55 percent
  • China’s blue-chip CSI300 index of Shanghai and Shenzhen shares (CSI300) was flat.
  • S&P 500 (SPX) rallied 1.1 percent
  • FTSE futures (FFIc1) slipped 0.4 percent.


  • Sterling was last trading at $1.2862 on the dollar.
  • The greenback lost 0.2 percent at 108.50 yen.
  • The euro (EUR=) was almost flat at $1.1413.


  • U.S. crude futures (CLc1) were almost flat at $52.13 a barrel.
  • Spot gold as 0.2 percent up at $1,291.5, holding not far off a seven-month peak of $1,298.60.
  • International Brent crude oil futures (LCOc1) were last up 6 cents, or 0.1 percent, at $60.70 a barrel.


  • The yield on benchmark 10-year notes (US10YT=RR) last stood at 2.711

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