After the confirmation of China that it was still in talk with the United States over the negotiations related to the trade war, the global market rebounded gently.
Despite the good news, the attention of the investors is at the forefront when it comes to the global trade because of the uncertainty caused due to Brexit and even around it has been causing some concern.
The value of pound dropped to reach $1.26 witnessing a fall of 0.33 percent. This drop was the lowest in twenty months before it experienced a slight recovery.
However, after the delay by the prime minister of the Britain on the crucial vote of Brexit because of the fears that her deal will be defended in the Parliament, Sterling now witnessed an increase of 0.33 percent at the value of 1.26. This was at 8:50 am in London.
Brexit might have weighed up heavily in the European market but because of the weeks of violence in France, the president of the country, Emmanuel Macron has finally shouted out at the “yellow vest” protests.
He has agreed to increase the minimum wage of the country.
This started as a protest against the fuel tax and no has left four people dead and has also led to the revision of growth figures in the country.
The CAC of France has increased by 0.7 percent.
On Tuesday, the other European markets edged up. Dax was able to par its losses of Monday so as to witness a rise of 0.7 percent. However, the increase in the Euro Stoxx 50 was that of 0.6 percent.
Brent crude failed to maintain the gains of Monday and witnessed a downfall of 0.4 percent because of the effects of the supply cut of OPEC which has slowly entered the market.
Source: BusinessInsider, CNBC
