* Brexit developments still in focus
* Sterling recovers
* Texas Instruments (NASDAQ:TXN) 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 (NYSE:MS) 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. 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. 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. pan-European STOXX 600 index .STOXX rose 0.11% and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.01%. commodity markets, oil jumped after government data showed a surprise draw in U.S. crude stocks. 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
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>