Market Updates

“Britain To Hold Election In December…”

The European Union has agreed on Monday to delay Brexit until 31st January, said Donald Tusk, the bloc’s chairman. “The EU27 has agreed that it will accept the UK’s request for a Brexit flextension until 31st January 2020.”…

“Mario Draghi’s Final News Conference As President Of The ECB…”

European Central Bank President Mario Draghi chaired his final news conference on Thursday after an eight-year tenure at the bank.  It was not the grande finale he was hoping for as he stood in the same place he started whereby he tried …

“BREXIT: New Deal With The EU…”

Prime Minister Boris Johnson on Thursday in a tweet said that Britain and the EU had agreed a “great” new Brexit deal and urged lawmakers to approve it at the weekend.  He further added that “Now parliament should get Brexit done on Saturday so we can move on to other priorities like the cost of living, the NHS ….. “

“Trade Talks Between US And China …”

The highlight of this week was the high-level US-China trade negotiations in Washington on 10-11 October. The top trade negotiators met for the first time since late July to find a way to end the 15-month trade war.  On Thursday top US and Chinese negotiators wrapped up …

“Boris Johnson Presents His Proposals …”

This week Prime Minister Boris Johnson was expected to present his proposals for an amended Brexit agreement. In his closing speech at the Conservative Party’s annual conference, Boris Johnson stuck to his hard line on Brexit. He made a final Brexit offer to the EU and said that unless the bloc compromised…

“Suspension Of Parliament By PM Johnson Was Unlawful…”

After Parliament was suspended, or prorogued in the formal term, from 10th September to 14th October, the UK Supreme Court ruled on Tuesday that Prime Minister Boris Johnson’s decision to shut down parliament in the run-up to Brexit was unlawful. 

“The Attack On Crude Facilities In Saudi Arabia….”

An attack on Saudi Arabia over the weekend that shut 5 percent of global crude output caused Brent crude to post its biggest intra-day percentage gain since the 1991 Gulf War.  Saudi Arabia is the world’s biggest oil exporter and the attack on state-owned producer ….

“Fresh Stimulus Package By The ECB…”

As Mario Draghi’s eight-year mandate as president of the European Central Bank draws to an end, the ECB approved a fresh stimulus package by cutting interest rates and approving a new round of bond purchases to push down borrowing costs even lower, kick-start activity…


Boris Johnson on Tuesday evening lost his majority in Parliament as British lawmakers defeated him in a bid to prevent taking Britain out of the EU without a divorce agreement.  This prompted the prime minster to announce that he would immediately push for a snap election. 

“G7 Summit in Biarritz…”

The leaders of the world’s major industrialised nations met at the French coastal resort of Biarritz on Saturday. Sharp differences emerged in areas such as global trade tensions, Britain’s exit from the EU and how to respond to the fires raging in the Amazon rainforest.

“Italy’s Political Situation …”

The head of the ruling 5-Star Movement, Luigi Di Maio, signalled the imminent demise of Italy’s coalition government on Tuesday.  He thanked Prime Minister Giuseppe Conte for his time in office.  On Tuesday Italy’s prime minister resigned after launching an attack on his own interior minister, Matteo Salvini…

“Delay In Tariffs …”

The Trump administration will delay imposing a 10 percent tariff on certain Chinese products, including laptops and cell phone, that had been scheduled to start next month, said the Office of the US Trade Representative (USTR) on Tuesday.  The USTR said in a statement, other products whose tariffs will be delayed until 15th December include …

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