U.K. stock futures are down

29 November, 2017

European Outlook: Asian markets seem to have shrugged off North Korea’s missile launch and turned their focus to the progress of Trump’s tax cut plans, with a weaker yen, helping the Nikkei to rise 0.49%. the ASX is also up Hang Seng and CSI 300 are underperforming and struggling to hang on to marginal gains, and the MSCI Asia Pacific index gained for the first time in three days. China’s 10-year yield remained above 4% as the PBOC once again refrained from adding net liquidity. U.K. stock futures are down, despite reported that negotiators reached an outline deal on the Brexit “divorce bill”, which would lead the Irish border issue as the only obstacle to early trade and transition talks. Today’s calendar has Eurozone ESI economic confidence, preliminary inflation data out of Spain and Germany, U.K. money supply and credit growth as well as French GDP and consumer spending.

Negotiators reached outline deal on Brexit “divorce bill”, according to Bloomberg reports.Cable surged nearly 100 points to 1.3325 following Bloomberg headlines (citing The Telegraph) saying that the U.K. and EU have agreed on divorce terms. EU leaders will still have the final say whether the offer is high enough to unblock talks on transition and trade agreements. There also remains the difficult and sensitive issue of the Irish border, but Irish Foreign Minister Coveney said U.K. and EU teams are discussing possible wordings for a commitment on the border issue, that would allow trade talks to move ahead. Ireland can still block the move at the December summit where heads of states will to sign off any possible deal.


Source  
Cautious stance into the long holiday weekend26 Nov, 2020  

Along with ongoing crosscurrents regarding record increases in virus cases and more stringent lockdowns, against increasingly promising vaccine news, the mass of US...

An overall positive Equity market but lots of caution ahead13 Oct, 2020  

It has been on-again, off-again between the GOP and Democrats in regard to a new stimulus bill, and anything seems possible given the strong incentive to posture...

The Dollar's weakening bias has resurfaced21 Aug, 2020  

The softer USD thesis continues to dominate in markets, as it has since mid May, and was bolstered yesterday by worse-than-forecast weekly initial claims and August...


Risk On Vibe?11 Aug, 2020  

The narrow trade-weighted USDIndex edged out a one-week high at 93.71, making this the third consecutive trading day a higher high has been seen. A softer tone in the Euro...

USD to new lows6 Aug, 2020  

The USDIndex edged out a fresh 27-month low at 96.50, continuing what is a fourth consecutive week of decline and a fourth straight month of decline...

It won't be easy!17 Jul, 2020  

In Europe the focus has switched from the ECB to the EU summit on the proposed EUR 750 bln pandemic recovery fund, which is tied in with the EU's next 7-year budget


The economic week ahead26 Mar, 2018  

The pendulum has swung back wickedly to trade politics after President Trump announced tariffs on $50 bln in Chinese tech and telecom...

Germany waits for SPD vote19 Jan, 2018  

Germany waits for SPD vote on coalition talks.600 delegates are expected to sign off party leader Schulz’s deal with Merkel designed to lay the...

Central bank meetings come into focus 12 Dec, 2017  

Narrow ranges have prevailed so far today as market participants sit on their hands ahead of key data from key economies this week, the first of which arrives...