The United Kingdom’s gilts gained during European trading hours Wednesday ahead of the country’s manufacturing PMI for the month of October amid ongoing Brexit hassles and extension of divorce deadline to January 31, 2020.
The yield on the benchmark 10-year gilts, slipped 1 basis point to 0.698 percent, the 30-year yield suffered nearly 2 basis points to 1.222 percent and the yield on the short-term 2-year also edged nearly 1-1/2 basis points down to 0.530 percent by 12:00GMT.
UK MPs voted yesterday in favour of Prime Minister Boris Johnson’s bill calling for an early election on December 12. Amidst this, activity in financial markets was relatively muted earlier today, ahead of the release of the US Q3 GDP advance estimate and the FOMC’s policy decision, Eurobank Economic Analysis & Financial Markets Research reported.
Meanwhile, the FTSE 100 remained flat at 7,311.70 by 12:05GMT.


Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist
Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns
US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness
BOJ Rate Hike Expectations Rise Ahead of September Meeting
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 



