To brexit, we are joined by anna edwards in london. Two significant pieces of news. One really against the government and scotland and Northern Ireland will not get a say on the process. A this is a 97 page judgment handed down by the Supreme Court here in the u. K. Around 2. 5 hours ago. 97 pages here. The government will be trying to put something short and sweet in front of the u. K. Parliament. The lost their appeal at Supreme Court which means they have to put a bid in front of parliament. They will try to make it short so there is as little to object. O as possible heard from various parties in the houses of parliament that they will be looking to introduce amendments. That will delay the process. I just caught up with hillary from the labor party opposition. The timetable is still possible. That is what this is all about now. The timing and the softness and hardness of exit. Brexit. How many of the amendments will be able to influence just kind of brexit we get . The parliament
Im going to be interested in the contrast between Monetary Policy and the skinny budget. The first budget from the Trump Administration, it will be fascinating to see. Alix and dynamic scoring. Here is where we are stacked up. 2. 5 hours before the open in the u. S. Equities softer, s p futures off. 10year yield on the margin, the basis point down. 1 ascatching a bid, up 1. The pound recovers. Europound was down for a while and is now reversing. Im taking a look at where volatility is nowhere, up by just. 5 . Goldman sachs says buy copper and oil, market not listening. A 60 losing streak, the longest since november. Kicking off this big week for Central Banks, our guests. To me, the big question is 2018. It shows the possible rate hikes the markets are expecting. For 2018, we are just over to michael. What is it going to take for the fed to move that line . Its going to take more clarity on the fiscal front. An interesting disconnect is it being pulled up on fiscal but not expecting th
The markets are rebalancing. Lets see if the traders wind up agreing. Chinese leader is going to maralago in florida. Oining us now is kevin cirelli. Kevin last week he was tweeting it would be a difficult meeting and then he tweets there will be a lot of great things coming out. Here is he headed . Kevin north korea saying if china wont handle north korea then the u. S. Will have to do it alone. Two things, National Security as well as trade policy are the top two items on the agenda for the summit in florida for later this week. Of course President Trump has tough talk for china on the campaign trail saying they were currency manipulators and saying they havent gone that far yet in his administration but did of course last week call for the reviews and executive orders with Foreign Countries to see which countries are taking advantage of the United States, whether or not china makes that list remains to be seen. David kevin, give us the perspective from the president s view, what is
And globally. We have been covering the politics and the Market Reaction all morning. We are catching up with the research coming from the banks. Everybody is struggling to work out what is happening. Intot will force denmark intervention. If that is not enough, a rate cut could follow. Denmark might need qe to fight safe haven flows. Simon kennedy was telling us we might the responses from the bank of england, but also global Central Banks. Including some who have been treated as safe havens as of late. Manus the irony is not lost on anybody. Guy will take us through the Market Reactions of the moment. We spoke in japan, suggesting that g7 was ready to open swap lines, if needed. Liquidity will be the key word throughout the day. When you look at some of the market commentators, they are s aying they would not sell if eu markets fall the on 15 . This is about market wit interpretation. Anna lets get to the latest results of the referendum. They started coming in around midnight, u. K.
Establishment. Welcome to countdown everybody. I am anna edwards. 6 00 in london. Many people focused on what is happening in wyoming over the weekend. That seems to be the focus of the markets attention, eerie calm as we wait for janet yellen who will be speaking, there. Lettuce for the risk radar on various Asset Classes overnight, the dollar rally the theme, a fourday street. Fairly flat now, how hawkish will janet yellen be . Even if she is dovish about the longterm, how contrasting will centralbank policy seem to be across the atlantic . And will that do to the yen . Questions as we go towards jackson hole. The shanghai composite in there for you because it is one of the few Asset Classes that we are seeing, down by 1 . The broader asian picture is fairly flat, illustrating with the msci asianpacific questions around shanghai, will be government decrease Financial Markets once again. Crude oil in there up by one quarter of a percent, fairly sluggish at 46. 88. Holding your the one