Boeing and May's Brexit woes weigh on financial markets

Boeing and Brexit vied for attention on global financial markets, as sterling slumped as the political woes of UK prime minister Theresa May appeared to deepen, while the planemaker’s shares came under renewed pressure after countries closed airspace to the 737 Max.

The twin dramas largely overshadowed an unexpectedly weak US inflation reading that bolstered equities on speculation the US Federal Reserve has room to stay patient on rate hikes.