Daily Briefing: Brexit nerves weigh on UK employers

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Daily Briefing: Brexit nerves weigh on UK employers
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Daily Briefing: - Analyst expectations for a no-deal Brexit rise - Reuters poll - Greek parliament to vote on abolishing academic sanctuary - U.N.’s IPCC to release its special report on climate change

What’s more, while exports to the United States fell, exports to other regional Asia economies picked up and will likely stoke U.S. accusations that Chinese exports to the U.S. are being re-routed through countries such as Vietnam. Nevertheless, the numbers calmed markets alongside Washington’s slightly softened trade rhetoric.

Ten-year U.S. Treasury yields also bounced from three-year lows under 1.60% and firmed to 1.745% first thing Thursday. The yield curve between 3 months and 10 years remains deeply inverted at 28 basis points, although off the worst levels of -0.34 on Wednesday. The dollar was broadly stable first thing Thursday, meantime, and Wall St futures are about 0.5% higher. Shanghai, HK, Tokyo and Seoul stock benchmarks added between 0.5% and 1.0% overnight. Brent crude oil prices also bounced from near 7-month lows of $55.88 set on Wednesday, to trade just shy of $58 first thing. Gold prices slipped back from 6-year highs.

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