Theresa May is meeting with top EU leaders today to try to tweak the Brexit deal and make it more palatable for members of parliament. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Alanna Petroff examine the details.
The ever-evolving drama surrounding Brexit has market participants scrambling to get their expectations in order. But as renewed speculation swirls around potential leadership challenges in the wake of Prime Minister Theresa May’s decision to delay a parliamentary vote on her exit plan, there is little consensus.
Reports show that British Prime Minister Theresa May could be toppled within hours as enough politicians in her ruling Conservative party have requested her removal to trigger a leadership challenge.
Investing.com - The U.S. dollar inched higher on Tuesday, as a leading indicator of inflation rose, increasing pressure on the Federal Reserve to raise rates.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.13% to 97.31 as of 10:29 AM ET (15:29 GMT).The core producer price index increased more than expected in November. The Federal Reserve keeps its eye on this data because, when producers pay more for goods, they are more likely to pass price increases on to the consumer. ...
The British pound touched a fresh 20-month low on Tuesday amid continuous Brexit struggles that saw U.K. Prime Minister Theresa May jetting across the European continent in an effort to get reassurances on the Northern Ireland border issue as she attempts to shore up support at home for her Brexit plan. Meanwhile back in the U.K., there were conflicting reports about whether enough Conservative members of parliament had sent in letters that would trigger a leadership challenge to May. The Prime Minister pulled the vote on her Brexit deal on Tuesday, apparently under the assumption that she would lose it anyway. But as a vote of no-confidence has seemed close before, investors might practice caution, explaining the relatively muted slide in sterling that nevertheless hit its lowest level since April 2017. The pound last bought $1.2537, down 0.3%, but up from its session low of $1.2493. The euro spiked to £0.9064, but since came down to an unchanged level of £0.9028.
Investing.com - Cryptocurrencies continued to fall on Tuesday, while the head of Allianz said cryptoassets should be outlawed.
Investing.com - Gold prices edged higher on Tuesday, as the metal drew support from a weaker U.S. dollar and growing expectations that the Federal Reserve will need to slow its pace of rate hikes next year.
After a day dominated by Brexit headlines, currency markets are driven by news on the trade front on Tuesday, helping risk appetite across the board.
Investing.com - U.S. futures pointed to gains on Wall Street at the open on Tuesday amid reports that China and the U.S. are moving ahead with trade talks.
Asian markets closed mixed on Tuesday following Monday’s wild ride in US equities. Indices in the EU were up an average 1.75% in early Tuesday. The trade news from China helped lift US indices in early Tuesday trading.
Bitcoin is trading lower on Tuesday, extending Monday’s losses and taking the No. 1 digital currency towards a fresh multimonth low.
LONDON MARKETS The FTSE 100 jumped on Tuesday, a day after chaos in the U.K. parliament resulted in Prime Minister Theresa May delaying a vote on the terms under which the country would leave the European Union.
In this article, we’ll see how analysts are rating Infosys (INFY). A weaker Indian rupee has been a tailwind for Indian technology companies (INDA) (EPI) such as Infosys, as they get most of their revenues from overseas. Infosys has received “strong buy” ratings from 12 analysts, while 24 have given it “buy” ratings.
Considering a month long symmetrical triangle formation on EURUSD chart, the pair is less likely to register much momentum till it trades within the present range of 1.1305 and the 1.1435. Though, comparative strength of the US Dollar favor brighter chances of the pair’s decline than the otherwise, which in-turn highlights the importance of 1.1260 and the 1.1215 supports after 1.1305 break. In case prices continue drowning past-1.1215, the 1.1110 & 1.1080 may become Bears’ favorites. Meanwhile, an upside break of 1.1435 can trigger the pair’s rise to 1. ...
Based on the earlier price action and the current price at 1.1390, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at 1.1395.
The early price action indicates that gold will continue to be influenced by the movement in the U.S. Dollar. The dollar will weaken and gold will strengthen if investors continue to bet that the U.S. Federal Reserve will pause its tightening cycle sooner than expected.
Investing.com - The U.S. dollar slid lower against a currency basket on Tuesday while the pound found some support after a steep selloff in the previous session in the wake of a shock decision by British Prime Minister Theresa May to delay a key vote on Brexit.
Hopes that the Indian Rupee would continue its rebound from all-time lows throughout 2018 on the back of sustained weakness in Oil prices have been rocked by news
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
Gold is mildly bid in Asia tracking losses in the greenback, while crude oil also recovers to some extend after sharp fall in precious session.