Boris Johnsons Brexit bill faces its first vote in the new parliament. I guess with an 80 seat majority , we expect smooth sailing in u. K. Politics on whether Boris Johnson can get this bill through . The vote today is a formality. It is a novelty in one sense for brexit. A debate on brexit and a result that is almost certain. If you contrast that with some of the very touch and go boats we had before the election, election, youhe can see how Boris Johnsons majority has changed everything. Anna what does this mean for the timeline for brexit and where we go from january and beyond . Britain will leave the eu on january 31. Oft will set up 11 months the adjustment period. During that time, britain and the eu will have time to negotiate a trade deal. Anna we will keep our eye on th at in 2020. What is the significance of president xis visit to macau . Anniversaryhe 20th of macaus return to chinese rule, but also to inaugurate the new chief executive under what has been a pretty stable s
Last week, it fell 5 . The threeweek losing run seems to be coming to a finish. Sovereign bond yields, commodities. The difference between long and short data yields in european government bonds, investors say it will narrow this year, similar to Global Investors benefiting from a finding in the bunker, the german 530 year spread trading to the lowest level since 2016 led by increases in the shorter amid expectations the ecb will raise rates in the next year or so for the First Time Since 2011. By atrended is abetted inflation limiting the increase in longerterm yields. A wonderful chart. This is another wonderful chart, u. S. Dividend payouts may have lost their luster as 10 year treasury bond yields advanced to multiyear highs. Some say approaching a threshold , a pain threshold for equities. Europe, however, holds the theard with companies in stoxx 600 offering dividend yields and the 6. 3 is the blue line, the highest among main markets across the globe. Close to 300 basis points a
Safety and innovation to recalls. And ubs trades lower despite the market. This is after it is investigating a newspaper report that prompted it to release earnings early. Welcome, everyone, to the show. This is the second hour of wx wgs. Worldwide exchange. A quick look at u. S. Futures. We have a busy week. Not just meetings or you a fed policy week. Durable goods. But social media, on whether Companies Like facebook and twitter can continue to deliver growth. The dow up 70 points. Nasdaq up 1. S p up 7. Very interesting to see a positive open on wall street despite the volatility that we saw overseas in asia. Shanghai composite down. And in the meantime take a look at european equities. They seem to be following suit from overnight. The xetra dax down 91 points. A lot has to do with better than expected ifo data out of germany. 108 is the number for month of july, versus 107. 5. Perhaps the reason were looking at the German Market down at this moment. A quick look at bonds. If youre
Market. Shoots to the top of the French Market after they raise profit goals but spirits are low after the drinks maker warns of a tough climate due to softness in china. Case dismissed. A judge drops a lawsuit against barclays and major u. S. Stock exchanges clearing them of accusations of rigging markets for fast traders. Welcome to the show. Yes here on thursday stocks are sharply higher here in europe after a down day yesterday. The stoxx europe 600 off session highs but were up almost 2. 5 . This after stocks move sharply in the u. S. The dow Getting Better than 600 points. This after fed president in new york bill dudley says a september rate hike is looking less compelling. The fed set up a major policy move in the direction of hiking rates in september but given the weak Economic Data compiled with the weakness in china, that september rate hike hooking less likely. In fact, now suggesting december is look more likely. Here in europe we break down the trade. The ftse 100 up 126
The verizon strike and statistical noise. Some suggested the lower rate of gains could be a suggestion of a general slowdown ahead while others blamed weak hiring on the inability of employers to find employees. Almost all the participants judged a surprisingly weak may increasednt report their uncertainty of the labor market. There was also a uncertainty about inflation. For the fed to reach the 2 target. Some thought the progress could be very slow. Other concerns, the slow pace of Business Investment and the prospect of Slower Growth overseas affecting the u. S. Economy. Participants agreed it was advisable to avoid overreacting to one or two labor market reports. They would need to accumulate additional information. The minutes note and remember most membersat held to their previously announced triggers for raising rates. A pickup in growth, progress towards full employment and an inflation rate on track to the 2 guidance. While it is a terrible cliche to end a story by saying the