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.


Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
FxWirePro: Daily Commodity Tracker - 21st March, 2022
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Thailand Inflation Remains Negative for 10th Straight Month in January 



