Commods – Oil slips as US production hits record high and demand concerns weigh. WTI trading down >$52 and Brent >$61

Headlines: PM May survived the vote of no confidence in the UK Govt (as expected). Discussions between UK parties and the Govt are on-going. Cable trades little changed and FTSE closed down around 30pts.

The House Speaker – Nancy Pelosi – urged President Trump to delay his State of the Union address until the government is reopened, while some senior White House officials are privately advising Mr. Trump to find a way to end the record-breaking shut-down.

The PBoC in China injects another CNY 400bn in open market operations