Book losses and bricast concerns are at the center of global markets



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From: Ahmed Shawky

Mubasher: The fear of GBPUSD by the bricast was overshadowed by the global losses recorded Monday.

The odds of completing Britain's exit from the EU without an agreement have increased after official statements that there is currently a tendency to exit without agreement.

British Foreign Secretary Dominique Rapp said that an agreement could be reached if the European Union opens the withdrawal agreement to renegotiate.

New Prime Minister Boris Johnson also said that he wanted an agreement with the European Union.

Uncertainties in the bricast led to sharp losses for the pound, falling more than 1% to a 28-month low against the dollar.

Stock indices

US stocks fell at the end of today's session because of the Fed's decision and the evolution of economic activity, while the Dow Jones was making progress alone. .

US President Donald Trump has continued his attacks against the Fed, saying the bank would do nothing to stimulate the economy before the monetary policy decision scheduled next Wednesday.

In terms of business results, Pfizer's earnings increased by 30% in the second quarter, exceeding badysts' estimates.

The stability of the European stock indexes was settled at the end of the negotiations, with commercial and UK concerns growing without agreement, while the UK FTSE index rose only 1.8%.

According to economic data, growth in consumer loans in the UK has slowed to a five-year low.

While Japanese stock indexes closed today 's session in the red band with the anticipation of monetary policy decisions.

The Japanese government has reduced the forecast of economic growth for the current fiscal year to 0.9%.

Oil gains

Oil prices rose by more than 1% following a settlement, in the hope of lower interest rates and business development in the United States.

The price of gold also rose for a second consecutive session as the Fed meeting kicked off on Tuesday.

For its part, Goldman Sachs has predicted a further decline in copper supply in China this year.

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