In a rush? Here’s the key takeaway
- The tight correlations in markets are holding which tells us the market hasn’t yet washed the volatility away. Stocks in the US were up initially, then down, then up again at the close with the S&P 500 up 0.22% to 2,638.
- USDJPY, the Aussie and other “risky” currencies were a little higher as the USD slipped. The pound surged as the chances of no-deal seem to recede as labour moves to support initiatives to take it the table. GBPUSD is at 1.3066.
- Elsewhere oil is lower, gold too despite the US get involved in Venezuelan politics with President Trump naming the opposition leader, Juan Guaidó, as the person the US recognises as President.