European stock markets struggled to make headway
European stock markets struggled to make headway during the European AM session as the vote on the Brexit deal that is scheduled for tomorrow in London remains too close to call. As of 10:23GMT the DAX had managed a 0.08% gain, while the FTSE 100 had corrected -0.16% and the Euro Stoxx 50 was down -0.11%. U.S. stock futures were up from overnight lows, but still slightly in the red, after a largely weaker close in Asia overnight, where disappointing GDP numbers out of China highlighted the downside risks from global trade tensions for the world economy. There may be glimmers of hope in the overall risk backdrop as the prospect of a partial U.S.-Sino trade deal remains on the table and there is at least a Brexit deal at leaders level, but nothing is finalised yet. Topix and Nikkei closed down -0.13% and up 0.18% respectively. The Hang Seng was down -0.48% at the close and CSI 300 and Shanghai Comp underperformed and dropped -1.42% and -1.32% respectively after the disappointing growth numbers. The ASX declined -0.52% after RBA comments dismissing the idea of negative rates for Australia and hawkish comments from BoE's Ramsden during the European AM session also reminded markets that if a no-deal Brexit is off the table, rate hikes will return to the agenda. The front end WTI future meanwhile moved up to USD 54.33 per barrel.