Brexit

Book Bits | 25 January 2020

● The New Class War: Saving Democracy from the Managerial Elite By Michael LindReview via The Washington Examiner The New Class War: Saving Democracy from the Managerial Elite [is] a short volume that examines the populist revolts in the U.S., Britain, and Western Europe. All of them, Lind says, ...

Week Ahead – Central banks back to the fore

Coronavirus developments closely monitored What a start to the year it’s been. There was so much that could have gone wrong in the opening weeks of 2020 and yet, it’s been the completely unexpected that’s rocked the markets. This week it was the spread of Coronavirus that’s making investor ...

European open – Trump, Davos, UK jobs, gold, oil

Trump Davos Speech Eyed Stocks are lower across Europe on Tuesday as the week gets properly underway with the return of the US after the bank holiday and start of the World Economic Forum in Davos. Source – Thomson Reuters Eikon The event in Davos is what we’re going to see splashed across ...

New Respiratory Illness Saps Risk-Taking Appetites

Overview:  The spread of a new respiratory illness in China has spurred a wave of profit-taking in equities and risk assets more generally.  All of the markets in the Asia Pacific region tumbled, with Hong Kong hit the hardest (-2.8%) after posting a key reversal yesterday.  The sell-off con ...

Tentative Stabilization, Sluggish Recovery?

By Gita Gopinath عربي, 中文, Español, Français, 日本語, Русский In the October World Economic Outlook, we described the global economy as in a synchronized slowdown, with escalating downside risks that could further derail growth. Since then, some risks have partially receded ...

The Week Ahead – BOJ, BOC, and ECB to keep rates on hold as markets focus on global PMI readings and earnings

The debates on how much of an impact the Phase One trade deal will have on the global outlook will continue as market concerns fall on the Davos forum, central bank rate decisions and earnings season.  The upcoming week is shortened since US equity and bond markets will be closed on Monday for th ...

European open – Earnings, China, UK, gold, oil

Earnings Off to a Decent Start Europe is poised for a strong start to trading on the final day of the week, buoyed by another rally on Wall Street which surged back into record territory on Thursday. Source – Thomson Reuters Eikon US earnings season is off to a decent start, with attention in ...

European update – US/China, BoE rates, gold, oil

Investors Skeptical About Deal The big day has arrived and investors are, well, not quite sure what to do and whether there’s actually much cause for excitement yet. Source – Thomson Reuters Eikon European stocks are mostly treading water while US futures are marginally lower following a la ...

Phase 1 Trade Deal Shifts Terrain of US-China Rivalry

Overview:  News that US tariffs on China will remain until through at least the November US election and continued US attempts to stymie China (e.g., more curbs on Huawei under consideration and stepped up efforts to force it to cut subsidies to business) have taken some momentum from the push ...

Is the People’s party a defunct failure, or does it just need a Canadian Nigel Farage? - Loonie Politics

  “You can make a convincing case that Nigel Farage is the most influential [British] politician of the modern era.  He is responsible for mainstreaming Euroscepticism, bringing about the 2016 referendum and then delivering the vote for Brexit – and it’s all the more impressive because he n ...