The British pound fell to an 11-month low yesterday as US Jobless Claims recorded a 1969 low yesterday. With investors awaiting for BoE’s guidance, pound could remain under pressure ahead of the next MPC meeting in December.
WTI Oil found resistance at $79 following a weaker than expected inventory, closing the session lower than anticipated at the opening. With volumes at 4-week high and a failed attempt to decline on the back of SPR’s release, however, crude is holding up well around $78.
Contrary, Australia’s ASX 200 index managed to recover yesterday’s losses and close mixed with an upside bias as iron ore prices surged to a 3-week high. Can miner stocks maintain their superiority over financial stocks?
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