Asian Markets Rally as Oil Prices Tumble and Middle East Peace Hopes Emerge 
U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal 
Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis 
Gold Prices Surge on U.S.-Iran Ceasefire Reports 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Uncertainty and Japan Inflation Data 
Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds 
Oil Prices Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears 
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.
