Adrian has written about property, pensions and investing for almost 20 years, from Teletext to the Observer and AOL. He is a believer in diversity, low transaction costs – and simplicity.
PM Theresa May got a boost from EU leaders earlier when UK trade talks were more or less rubber-stamped for December
Sterling was close to a 10-day low at 7am following approval by the US Senate of the Republican Party budget.
Apple shares were down close to -3% earlier today as investors worried about reports of falling iPhone 8 sales.
A weaker yen combined with better exports data saw the Nikkei 225 climb
Sterling slipped slightly as UK wage growth and employment numbers landed from the Office of National Statistics earlier
Markets in Asia overnight were solid enough with the Nikkei 225 up +0.25% to 21,389.55
Sterling fell -0.65% earlier as Bank of England governor Mark Carney fudged a rate hike commitment in the near future.
Sterling so far remains unimpressed by Theresa May’s dash to Brussels yesterday
The Dow Jones surged over the 22,900 threshold earlier as it closes in on the next benchmark – 22,300
Overnight Asian markets continued to climb with the Nikkei up +0.63% at 21,289 and the Hang Seng up +0.96% at 28,746.
Weaker US inflation numbers saw the euro and pound jump against the dollar earlier despite strong US sales
German media reports of a possible two-year Brexit transition period saw the pound leap yesterday evening
Sterling was hit by more Brexit bickering today, down -0.43% to $1.3165 shortly after 3.30pm.
Asian stocks continued to rise overnight – better earnings power from Japanese business saw the Nikkei hit 20,951
Despite the lurking Catalan worry the euro posted a +0.33% gain against the dollar today
The euro managed to keep above $1.18 during Asian trading thereby keeping Catalan anxiety at bay
There’s still no end in sight to the advance of US stocks.
Donald Trump has said he is willing to go to war with North Korea.
The appalling relations between Pyongyang and Washington (not to mention Seoul, Tokyo and increasingly Beijing) were again forgotten in Asia today.
The pound continued to recover through the morning, up +0.40% by mid afternoon to $1.3137, but down from an intraday $1.3184 surge.