Market Comment | Markets moved sideways although Brexit bill was backed

Summary

Markets reacted mildly to Brexit agreement, although it represents a major breakthrough to avert a hard-Brexit, not all uncertainties have been dispeled. Weaker earnings in industry sector weighed slightly on U.S. equity indices, which hovered around maximum levels.

Key points

• Key points:
• Sovereign bond yields continued to fall.
• U.S. stock markets remained resilient, despite some disappointing earnings.
• Oil prices rose led by an unexpected decline in U.S. crude oil inventories.

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