Markets weighed down by Brexit and impeachment worries – business live

Rolling coverage of the latest economic and financial news, as
political storms in US and UK worry investors

8.20am BST

Stock markets across the Asia-Pacific region are in the
red, as investors were jolted by the news of a formal impeachment
inquiry into Donald
Trump
.

China fell by 1%, on fears that the probe could undermine
efforts to end the trade war between Washington and Beijing, while
Hong Kong shed 1.3%.

“It would be difficult for the market to ascertain how long
this matter will drag and the concurrent impact upon U.S.-China
trade, which is the bigger worry at present,”

7.53am BST

Good morning, and welcome to our rolling coverage of the
world economy, the financial markets, the eurozone and
business.

The United States and Great Britain may be separated by a common
language, but they’re united by a common sense of political
crisis — and the markets aren’t happy.

The @FinancialTimes
never* calls for heads to roll in editorials. It is a
policy*https://t.co/e5UGt4b7Uh

* broken today pic.twitter.com/FAt3eSKTtw

The UK Pound £ has mostly ignored the
Supreme Court ruling and is now at US $1.2466 and 1.133 versus the
Euro #GBP

European Opening Calls:#FTSE
7270 -0.30%#DAX
12273 -0.28%#CAC
5611 -0.31%#MIB
21821 -0.37%#IBEX
9111 -0.08%#STOXX
3525 -0.19%

Tomorrow’s historic ⁦⁦@nytimes
front page. h/t ⁦@TomJolly
pic.twitter.com/IhgMSGdxqV

The political turmoil around Donald Trump’s official
impeachment inquiry, combined to rising fears of a no agreement
with China in October trade talks turned the risk sentiment off
across the global markets.

European stocks slipped back again yesterday, as did US stocks
in the wake of a rather political speech by President Trump at the
United Nations where he tore into China, Iran and the World Trade
Organisation, while also saying that the future belongs, not to
globalists, but to patriots.

The losses in the US gained further traction after Europe had
closed on reports that House Speaker Nancy Pelosi was weighing the
prospect of announcing impeachment proceedings against President
Trump in respect of a phone call, he had with Ukraine President
Zelensky.

Such an important day at the United Nations,
so much work and so much success, and the Democrats purposely had
to ruin and demean it with more breaking news Witch Hunt garbage.
So bad for our Country!

PRESIDENTIAL HARASSMENT!

Secretary of State Pompeo recieved
permission from Ukraine Government to release the transcript of the
telephone call I had with their President. They don’t know either
what the big deal is. A total Witch Hunt Scam by the Democrats!

Related:
Thomas Cook directors could face inquiry as rescue effort
continues

Source: FS – All-News2-Economy
Markets weighed down by Brexit and impeachment worries – business live