A drop in the pound as a fill more than one percent in early trade tuesday the reason well media reports of the British Government will block a delay to a post break the transition period media reports indicate that johnson will add a revision to the brigs that Withdrawal Agreement bill that would explicitly rule out an extension of the transition period beyond december of 2020 currently the u. K. Is due to leave the e. U. By january 31st 2020 the fear is that the new Prime Minister will steer the country toward a harder braggs it and that means under the legislation britain would have only 11 months during the transition period for a trade deal to be struck with the e. U. And there are concerns that 11 months is not enough time so lets take a deeper dive here bring in hillary for which board member with the British American Business Association hilary glad to have you here pleasure ben christie there are concerns about this harder turn towards braggs it but isnt that what Boris Johnso
2020 fresh economic stimulus from beijing adding to the optimism but under the surface the russell 2000 seeing its worse day in a month and we got some mixed labor market data here in the u. S. Earlier in the session. We are up 235 points on the dow, near highs on the session for all three major averages joining us paul hickey cofounder of the spoke Investment Group very good afternoon to you happy new year to you. Where do you stan in terms of whether this bullishness is justified. Is it easy to pick bullish or bearish as we stand . When you look where things stand out, you look at the equity pros and cons which we look at on a regular basis, the pros are balanced with the cons. That doesnt suggest you should be taking a cautious view or just a neutral view implies average returns for the market Going Forward. And when we look whats going on in the market now, whats happening now, brett hits new high nasdaq hitting new highs what we follow closer than any other group is semiconductors
A much clearer picture of whether or not theres going to be a resolution all right so with those other asian markets well. While markets in asia and the u. S. Gained amid high optimism analysts reiterate that we still dont have a trade deal signed yet and there are still a number of things that can go wrong further details including structural changes to intellectual Property Rights remain unclear and as a trumpet ministration is splitting hairs between the right and wrong translators nothing is going to hide the fact that the benchmark import targets are completely unfeasible there is also a general euphoria across all markets because uncertainty has come down there is another escalation but investors should not be complacent playing into the santa rally asian markets got a slight boost after a surprise improvement in novembers Industrial Production and retail numbers but this could simply be a seasonal rebound as a result beijing sees no reason to launch major fiscal stimulus yet and
This years protests but what does that number truly represent well break it down plus. It will be british its not stupid but we must get rid of. The british pound is falling thank you piers im a hard turn sports practice ill be going into detail about how Prime Minister forced on someone to guarantee practice happening to. The oil based groups these are up prices are down so what is the forecast look like for 20 twentieths and for that giant saudi aramco i. P. O. Moving forward well break it down so much to get through today so lets get started. And we begin here with reports that the hong kong protests have resulted in over 5000000000. 00 pulled out of hong kong by investors since april the report from the bank of england shows the protests across hong kong have highlighted Political Risk as a key vulnerability in hong kong and the political tensions in that city continue to pose risks. Quote given hong kongs position as a major Financial Center and quote certainly not a huge amount o
Kind of signal to some issues in terms of political unrest as it does because hong kong has actually entered a core of technical recession and because of this g. D. P. Actually shrunk by of almost 3 percent and the government country contribute 2 percent of that to the unrest and turmoil and this is going to be a major thing going into 2020 and whether or not these unrest whether hong kong can or cannot recover and become the Financial Capital financial safe haven that it once was and as you point out this is a 5000000000. 00 isnt really a lie and a lot of that is due to ali baba because of the i. P. O. Just last month that actually gave a lot of credibility and a lot of confidence has resurged in hong kong and the u. S. And other western powers continue to show support for hong kong does that kind of ease some of the tensions for investors who are keeping money in hong kong i think it does but then because of the uncertainty that we see right now there are actually a lot more inflows