17.04 - greenback fell to the lowest point in 2 months
- by Anna K.
With markets awaiting new numbers from Asian region greenback started to slip, hitting lows while traders are unable to do anything about it. New Brexit referendum may soon come and mess with pound, that performs well right now. On the other side of the world Koreas are ready to stop the war.
For a while now the talks on the second Brexit referendum that could hopefully reverse the whole decision have been hanging upon the British citizens. But now there is no real back up for the politicians – business says ‘no’ for now.
Although most of the medium sized and big businesses are totally against Brexit happening, as they will suffer from losing the whole European market most of them are against the second Brexit referendum vote as they feel that the uncertainty is worse than Brexit. Miles Celic, CEO of TheCityUK said “Business likes certainty and I can’t see how discussion of a second referendum helps create that certainty when the negotiations are not even concluded.".
But even without backup for business Theresa May is trying to push through the idea of the second referendum. Recent votes have indicated that the idea for anti-Brexit referendum will be largely supported by the voters. Although Parliament may still not support an idea but clearly May hopes for social support to back out from full of problems Brexit process.
Allie Renison head of Europe and trade policy at the Institute of Directors stated on the matter: “Calls for a second referendum, and indeed rehashing the debates we had in the run up to the Brexit vote, now almost two years ago, will do little to move us forward. Our focus must be on building a global Britain.”
North and South Korea are finally sitting behind the table together to discuss official end of the war between the two countries. The two countries on Korean peninsula have been at war since 1953 and it was technically never over. The source if the information is anonymous South Korean official who went public to the press with the statement.
Kim Jong un and Moon Jae-in are the two leaders of two Koreas who will go into official meeting with each other to discuss ceasing the official war. It is hoped that two neighboring countries will come to some kind of understanding in order to reach consensus and finish military confrontations at the region.
Back in 1953 only an armistice was signed, and it was never replaced by the real peace treaty. Back then North Korea was back by Soviet forces and South Korea sided with the USA and, while even Soviet Union hadn’t existed for almost 30 years, the peace for Koreas never came. The meeting was earlier suggested by Kin Jong Un who wants not only to end the war between the countries but even to go as far as to sit down with Donald Trump to discuss de-nuclearization of North Korea.
Whether the discussions will be fully successful will become known to the public in a while.
European stocks performed better than Asian, and dollar sank to the lowest point in two months.
Stoxx Europe 600 Index added 0.1 percent.
S&P 500 Index went up by 0.4 percent and reached the highest point in a month.
FTSE 100 from UK gained less than 0.05 percent.
MSCI Emerging Market Index went lower by 0.2 percent – the lowest point in two weeks.
MSCI Asia Pacific is also at the lowest in a week – 0.2 percent.
MSCI All-Country World went up by 0.1 percent.
Dollar went 0.2 percent lower against the basket of six major currencies.
Euro went higher by 0.2 percent - $1.2401 is the strongest point in two weeks.
Pound is also in a good place right now, having reached $1.4372 per pound which is the highest in 22 months.
Yen gained 0.2 percent and went to the exchange rate of $106.92 yen per dollar.
WTI gained 0.7 percent - $66.67 per barrel.
Gold is 0.1 percent higher - $1.347.86 per ounce.