Asian shares subdued, sterling awaits its fate GlobeBusiness
Asian share markets got off to a subdued start on Wednesday after a mixed finish on Wall Street, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit.
Parliament will vote later Wednesday on whether to leave the EU with no deal, and if that fails, a further vote on Thursday will decide whether to extend the Brexit deadline. The pound could do with some comfort after a wild couple of sessions. It was last at $1.3063, having been as high as $1.3296 and as low as $1.3017 so far this week.On Wall Street, Boeing Co shed another 6.1 per cent for its biggest two-day drop since June 2009, as more countries grounded the company’s best-selling 737 MAX planes following Sunday’s crash in Ethiopia, the second fatal crash in months.The drop in Boeing pushed the Dow down 0.38 per cent, even as the S&P 500 gained 0.
Yields on U.S. 10-year notes duly declined to a 10-week low at 2.596 per cent, while the dollar fell for a third straight session against a basket of currencies to stand at 96.986.
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