GLOBAL MARKETS-Sterling edges up as EU considers Brexit request; stocks flat

* Brexit developments still in focus
* Sterling recovers
* Texas Instruments revenue forecast hits chipmakers

(Updates prices, adds oil price settlements)
By Caroline Valetkevitch
NEW YORK, Oct 23 (Reuters) - World stock indexes were flat
to lower on Wednesday with a disappointing forecast from Texas
Instruments dragging down chipmaker shares, while the British
pound inched up as European Union leaders consider London's
request for a Brexit delay.
An index of semiconductor shares .SOX was down more than
2%. Apple AAPL.O shares rose after Morgan Stanley said the
iPhone maker's soon-to-be-launched video streaming service could
boost its services revenue.
Sterling inched higher, with European Union leaders expected
to grant a three-month extension to the Oct. 31 deadline for
Britain's departure. "While weaker, the bottom hasn't fallen out of the pound
given that a no-deal Brexit has seemingly been taken off the
table," said Joe Manimbo, senior market analyst at Western Union
Business Solutions.
The pound was yanked down to $1.2850 from $1.30 GBP= after
UK lawmakers put the brakes on the government's Brexit plans
again on Tuesday. Sterling GBP= was last trading at $1.2898, up 0.20% on the
day.
The Dow Jones Industrial Average .DJI fell 25.65 points,
or 0.1%, to 26,762.45, the S&P 500 .SPX lost 0.16 points, or
0.01%, to 2,995.83 and the Nasdaq Composite .IXIC dropped 8.45
points, or 0.1%, to 8,095.85. The pan-European STOXX 600 index .STOXX rose 0.11% and
MSCI's gauge of stocks across the globe .MIWD00000PUS shed
0.01%. In commodity markets, oil jumped after government data
showed a surprise draw in U.S. crude stocks.
U.S. crude CLcv1 climbed 2.7% to settle at $55.97, while
Brent LCOcv1 rose 2.5% to $61.17.
Benchmark 10-year notes US10YT=RR last rose 3/32 in price
to yield 1.7555%, from 1.766% late on Tuesday. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
World FX rates in 2019 http://tmsnrt.rs/2egbfVh
Emerging markets in 2019 http://tmsnrt.rs/2ihRugV
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