ASX to open flat amid vote on Brexit bill and Facebook probe

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ASX to slip amid vote on Brexit bill and Facebook probe

Australian shares are expected to have a lacklustre start to the day amid ongoing Brexit uncertainty and a mixed set of US corporate results.AUD: 68.53 US cents, 53.2 British pence, 61.59 euro cents, 74.33 Japanese yen, $NZ1.07Europe: FTSE 100 +0.7pc at 7,212, DAX +0.1pc at 12,755, CAC +0.2pc at 5,658, Euro Stoxx 50 +0.1pc at 3,605

Commodities: Brent crude +1.1pc at $US59.61/barrel, spot gold +0.2pc at $US1,487.50/ounce, iron ore +1.5pc at $US86.68/tonneMeanwhile, the Australian dollar has slipped to 68.58 US cents, but lifted to 53.2 British pence.UK Parliament voted to allow Prime Minister Boris Johnson's withdrawal agreement bill to proceed to the next stageHowever, Mr Johnson lost a subsequent vote to approve a rapid timetable to push his bill through in three days.

European markets closed higher, with London's FTSE up 0.7 per cent and Germany's DAX rising by 0.1 per cent. "There was optimism into this that perhaps they could move forward," said Quincy Krosby, chief market strategist at Prudential Financial. "To have had a solution to Brexit would have eliminated one of the uncertainties that has hovered over the market for the last couple of years."Wall Street's main indices slipped into negative territory in late-afternoon trade after British MPs rejected Mr Johnson's proposed timetable for passing legislation to ratify his deal to exit the European Union.

 

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