Brexit news provided the impetus for a bumpy ride for the European Indices and Sterling yesterday. A positive stance after news of concessions from the EU was quickly replaced by uncertainty and a swift move lower as legal opinion indicated that we were no nearer a path through the forest to a successful Brexit.
In the US, the DOW has been significantly underperforming the S+P500 beset with problems from Boeing. The effect of the Ethiopian airplane crash at the weekend led to announcements of planes being grounded around the globe. The question for me is how long will it be until the US aviation authorities follow suit? They appear quite dogmatic and resolute in support of the air worthiness of the 737, Max 8 plane but I think they will follow popular opinion unless there is a quick report from the black box. Either way I would trade the DOW from the short side.
Asian markets are lower, the Nikki by 250 points currently and the Hang Senv by 168 points.