Eq: Dev ex-US

(Frankfurt)

New data on the EU economy has just come in and it isn’t pretty. Overall, the bloc grew just 01% in the fourth quarter, while Italy and France actually contracted. According to Commerzbank, “The spectre of recession is back … Economic growth in the eurozone came to a virtual standstill at the end of the year . . . The ECB is likely to view this with concern”. Ironically though, this may be positive for market as the ECB is likely to take an even more dovish approach.


FINSUM: It feels like we just did a time warp back to around 2013, when central banks were ready to stick to ZIRP for years. We all know how stocks performed then!

(London)

After three and a half years of chaos, it is finally going to happen—the British people are going to get a chance to vote on Brexit. No, it will not be in the form of a second referendum, but rather in the form of a general election. After fighting the option for months, the Labour party has been forced to give in to a general election that will pit Boris Johnson against Jeremy Corbyn, and likely decide the future of Brexit. No date has yet been set for the election, but it looks very likely to be in early December.


FINSUM: The trick of this election is that Brexit is probably going to happen no matter who wins because even top Labour leaders actually want the UK to leave.

(Brussels)

In what can only be described as an act of both extreme patience—and hope for a better outcome—the EU has yet again agreed to extend the Brexit deadline from October 31st to January 31st following the big failure of Boris Johnson’s most recent deal in Parliament. The difference with this extension is that it has a caveat that if the EU and UK come to an agreement before January 31st, then the UK is free to leave in advance of the deadline.


FINSUM: The EU obviously wants the UK to leave on the best terms possible, and they are probably hoping Brexit gets completely reversed through an upcoming general election.

Page 2 of 6

Contact Us

Newsletter

Subscribe

Subscribe to our daily newsletter

Top
We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…