Daily Briefing: - More Brexit multiple choice for British MPs - Comedian Volodymyr Zelenskiy leads in Ukrainan presidential elections - Euro zone factory activity contracted faster in March
cited political uncertainty as weighing on growth and conceded that the European Central Bank had underestimated slack in the labour market.China has lifted the mood as world markets kick off the second quarter, with official and private March business surveys showing an unexpected bounce in response to fiscal and monetary stimulus there. Shanghai shares surged more than 2 percent, with Hong Kong, Tokyo and Seoul all up more than 1 percent than in the slipstream.
Sterling held up well first thing Monday, pushing up close to $1.31 after quickly bouncing back from a dip below $1.30 when UK PM Theresa May lost yet another parliamentary vote on her Brexit withdrawal deal on Friday. Parliament now debates the indicative votes process it started last Wednesday, with the two most popular options – a post-Brexit customs union with the European Union or another referendum – likely to shape the next steps and votes on those due late Monday.
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