S&P 500 Ends Lower on Stimulus Worries
The benchmark stock index slipped as talks on a Covid-19 relief package faced fresh setbacks.
WSJ | Fri, 11 Dec 2020 21:40:00
EU states urged to push UK into new talks in event of no-deal Brexit
Member states told not to break ranks or consider side-deals as 'incentive must be maintained'
FT | Fri, 11 Dec 2020 21:01:13
Dow Clings To 30K Amid IPOpalooza, Bonds Bid On Brexit & Bailout Busts
Dow Clings To 30K Amid IPOpalooza, Bonds Bid On Brexit & Bailout Busts Tyler Durden Fri, 12/11/2020 - 16:01 This is not a bubble... Source: Bloomberg This is not complacency... Source: Bloomberg And this is not a short squeeze... Source: Bloomberg And these are not the droids you're looking for... ...
Tyler Durden / Zero Hedge | Fri, 11 Dec 2020 21:01:12
Forget Brexit and Lockdowns. England is Debating Pork Pies and Scotch Eggs.
New rules in England mean most pubs can only serve alcohol alongside a 'substantial meal.'
WSJ | Fri, 11 Dec 2020 20:56:00
UK faces pricier food and possible shortages in no deal Brexit
Border delays and tariffs also threaten exporters
FT | Fri, 11 Dec 2020 20:26:22
ATHEX: Late rally puts index back on track
The Greek stock market reversed its morning losses to end the day with some gains in the face of a mixed picture in European markets due to the Brexit-related turbulence.
Kathimerini | Fri, 11 Dec 2020 19:53:22
United Kingdom ETFs Face a Tough Weekend of Brexit Talks
United Kingdom markets and country-related exchange traded funds retreated Friday ahead of a packed weekend of negotiations that could widen the divide between the U.K. and the European Union. On Friday, the iShares MSCI United Kingdom ETF (NYSEArca: EWU) declined 1.4% while the currency-focused Invesco Currency Shares British Pound Sterling ...
Max Chen / ETF Trends | Fri, 11 Dec 2020 19:53:03
EU Bans Travel For U.K. Citizens-Brits Divided Over Actual Impact
The EU announced that U.K. travelers would be banned from travel to Europe from 1 January, as a result of Brexit. The question is: will it really change that much?
Alex Ledsom, Senior Contributor / Forbes | Fri, 11 Dec 2020 19:28:08
Europe's week: Brexit talks stuck as EU budget finally moves forward
It wasn't all doom and gloom this week for EU negotiations.
euronews | Fri, 11 Dec 2020 19:16:11
Downing Street says nothing new in EU's reassurance on 'ratchet clause'
Brexit talks to continue until Sunday but Johnson calls a no-deal outcome 'very, very likely'
Irish Times | Fri, 11 Dec 2020 18:59:00
The Last-Ditch Brexit Talks Drag Global Stocks Down
Commenting on the last-ditch Brexit talks and today's trading, Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more Downbeat Reports About The Last-Ditch Brexit Talks The major indices are all trading lower at midday as stocks turned south again overnight following yesterday's weak bounce on ...
Gorilla Trades / Value Walk | Fri, 11 Dec 2020 18:38:51
Week Ahead - Deal or no deal
Two down, two to go The month of compromise has delivered two so far. OPEC+ agreed on output targets for next year while the EU27 gave their backing to the 2021-27 budget and recovery fund. That just leaves Brexit and US fiscal stimulus outstanding, with a positive outcome in both ...
Craig Erlam / OANDA | Fri, 11 Dec 2020 18:26:50
Brexit: What are the UK and EU doing to prepare for no deal?
With no deal looking increasingly likely, how have both sides been getting ready?
BBC | Fri, 11 Dec 2020 18:17:18
Why The EU Might Have Just Hinted At A Brexit Compromise
Arj Singh / Huffington Post | Fri, 11 Dec 2020 18:01:51
What does a no-deal 'Australia-style' Brexit mean?
If the UK leaves the EU without a trade deal it will have to trade on WTO terms.
BBC | Fri, 11 Dec 2020 17:44:01
Friday evening news briefing: No-deal Brexit now 'very, very likely'
Danny Boyle / Telegraph | Fri, 11 Dec 2020 17:24:26
European Shares, Pound Hit By Fading Brexit Deal Outlook
Stock markets and the pound stumbled Friday after London and Brussels warned that a no-deal Brexit was now a strong possibility. When closing bells rang, London stocks had fallen by a collective 0.8 percent, while Frankfurt gave up 1.4 percent and Paris was off by 0.8 percent. Shares in New ...
IBTimes | Fri, 11 Dec 2020 17:16:10
UK readies for Brexit 'no-deal' chaos
Taipei Times | Fri, 11 Dec 2020 17:08:20
FTSE 100 finishes in red as 'no deal' talk ramps up
FTSE 100 index closes down 53 points US markets lower Sterling's humbling fails to prevent Footsie falling 5.10pm. FTSE closes in red FTSE 100 closed in the red on Friday, as no-deal Brexit talk ramped up and shares in big banks took a hit. The UK index of leading shares ...
Proactive Investors | Fri, 11 Dec 2020 17:08:00
Britain's Ports Are Jammed, and Brexit Is Around the Corner
Honda's plant in England was forced to halt operations because its parts hadn't arrived. Soon U.K. ports will face a mountain of customs declarations.
Eshe Nelson / NY Times | Fri, 11 Dec 2020 17:04:39
"No Deal" On Brexit Or COVID Relief Slams Stocks, Sends 2Y Yields Near Record Lows
"No Deal" On Brexit Or COVID Relief Slams Stocks, Sends 2Y Yields Near Record Lows Tyler Durden Fri, 12/11/2020 - 12:03 Deal or No Deal? The answer on both sides of the pond is simple - No Deal - as EU-UK talks collapse in Brussells and COVID Relief bills keep ...
Tyler Durden / Zero Hedge | Fri, 11 Dec 2020 17:03:12
Pound under pressure as deadline looms on post-Brexit trade talks
The pound came under pressure and UK banking stocks sold off in volatile trading on Friday as fears of a no-deal Brexit intensified.
Sky | Fri, 11 Dec 2020 16:59:00
Britain faces a no-deal crash-out: even ultra-Brexiters said this would be a disaster | Jonathan Freedland
The sovereignty fetish has devoured the Tory party, which now seeks the thrilling purity of severing all ties with Europe Perhaps we're so hardened, or punch-drunk, after a year of being battered by the pandemic that we don't quite register how shocking this is. We stand this weekend on the ...
Jonathan Freedland / Guardian | Fri, 11 Dec 2020 16:57:24
Free live event: FT experts debate the Brexit outcome
Whether it's deal or no deal, join us on Tuesday to find out what the decision means for business
FT | Fri, 11 Dec 2020 16:32:36
'All I want is a cake that's worth its weight': Macron serves slice of analogy in fish row
UK and EU leaders might not yet be able to agree on a trade deal, but one Brexit issue they can agree on is their fondness for cake metaphors.
Sky | Fri, 11 Dec 2020 16:25:00
UK carmakers/Brexit: no-deal whiplash
Industry faces jolt if trade negotiations fail
FT | Fri, 11 Dec 2020 16:00:45
On Brexit, the Tories have fallen prey to magical thinking
Ministers still wish away hard trade-offs without a clear vision for prosperity if there is no deal
FT | Fri, 11 Dec 2020 16:00:08
No-trade deal Brexit is 'very, very likely,' says UK's Johnson, EU chief
British Prime Minister Boris Johnson said on Friday that it was very likely that trade talks with the European Union would fail and that the United Kingdom would leave the bloc at the end of year
Al Arabiya | Fri, 11 Dec 2020 15:30:11
European Markets Hit By Dwindling Brexit Deal Hopes
Stock markets and the pound stumbled Friday after London and Brussels warned that a no-deal Brexit was now a strong possibility. In afternoon trading, London stocks fell by 0.6 percent, while Frankfurt gave up 1.3 percent and Paris was off by 0.6 percent. Shares in New York slipped by 0.2 ...
IBTimes | Fri, 11 Dec 2020 15:27:04
Brexit: What you need to know about the UK leaving the EU
Time is running out for the UK and EU to strike a deal - what is happening now?
BBC | Fri, 11 Dec 2020 15:13:28
Sterling slips as EU warns 'no deal' is most likely Brexit outcome
Downbeat assessment of talks from Brussels also hits UK banking stocks
FT | Fri, 11 Dec 2020 15:07:13
Brexit Hopes Dim As Johnson Says Failure 'Very Likely'
A Brexit trade deal between Britain and the European Union looked to be hanging in the balance on Friday, after leaders on both sides of the Channel gave a gloomy assessment of progress in last-gasp talks. Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen have given ...
IBTimes | Fri, 11 Dec 2020 15:03:08
Pound falls on the prospect of a no-deal Brexit
Prime Minister Boris Johnson said it is 'very, very likely' the UK will not secure terms with the EU.
BBC | Fri, 11 Dec 2020 15:02:27
Wall Street Subdued As Brexit, Stimulus Worries Outweigh Positive Vaccine News
It was a big week for IPOs, namely Airbnb and DoorDash, but stalled stimulus talks from a lame-duck Congress and renewed concerns over case counts and Brexit weighing markets Friday.
JJ Kinahan, Senior Contributor / Forbes | Fri, 11 Dec 2020 14:54:50
Markets Wake Up to Risks of Disruptive Brexit
The pound and British stocks fell ahead of a crunch weekend of talks that could see a disruptive break between the U.K. and the European Union.
WSJ | Fri, 11 Dec 2020 14:49:00
No-deal Brexit: Bank of England warns of market instability and financial disruption
Threadneedle Street says UK banking well prepared for economic shocks but EU-based customers may face issues The Bank of England has warned of volatile financial markets from a no-deal Brexit and disruption for customers of UK and EU banks should the two sides fail to strike an agreement before the ...
Richard Partington / Guardian | Fri, 11 Dec 2020 14:47:21
Listen: Brexit, Biden and the geopolitical landscape
ING's James Knightley and James Smith join the European-American Chambers of Commerce Brexit Musings podcast, where they discuss the likelihood of a deal, the potential economic impact, as well as how the outcome of negotiations could fit into the wider geopolitical landscape
Ing | Fri, 11 Dec 2020 14:36:00
Morgan Stanley Warns British Banks Could Drop 20% As Brexit Talks Fail
Morgan Stanley Warns British Banks Could Drop 20% As Brexit Talks Fail Tyler Durden Fri, 12/11/2020 - 09:05 They really mean it this time. British Prime Minister Boris Johnson is truly living up to his reputation as a tough negotiator as the government in London and its erstwhile partners across ...
Tyler Durden / Zero Hedge | Fri, 11 Dec 2020 14:05:00
A no-deal Brexit could cause a 10% to 20% drop in UK bank stocks and a 6% to 10% decline for London's FTSE 250, Morgan Stanley says
Concern around negative rates were a factor in assessing a possible negative impact on UK bank stocks.
Shalini Nagarajan / Business Insider | Fri, 11 Dec 2020 14:03:20
FX Daily, December 11: Brexit Fears Weigh on Sterling
Overview: The odds of a UK-EU agreement and new stimulus before year-end in the US have faded and are sapping risk appetites ahead of the weekend. Although most Asia Pacific equity markets gained, China and Australia were notable exceptions, European shares are heavy, and the Dow Jones Stoxx 600 is ...
Marc Chandler / SNB CHF Blog | Fri, 11 Dec 2020 13:39:28
'Ee's ashamed for us
I am ashamed of England tonight. I am pleased that Scotland and Northern Ireland held out against Brexit. I could never blame the Welsh. Brexit is an English initiative. The exceptionalism that underpins it is England's alone. And that is why it is of a England that I am ashamed. ...
Tim Worstall / Tim Worstall | Fri, 11 Dec 2020 13:22:53
Boris Johnson says it is 'very, very likely' the UK is heading for a no-deal Brexit with the EU
UK Prime Minister Boris Johnson said there's little chance of striking a trade deal with Europe before leaving EU trading rules on December 31.
Adam Payne / Business Insider | Fri, 11 Dec 2020 13:19:09
Where do the UK's main political parties stand on Brexit now?
With pressure mounting on securing a trade deal for post-Brexit Britain, we look at MPs' positions.
BBC | Fri, 11 Dec 2020 13:13:49
The empty omelette
For much of last year, this site advocated a rational but unpopular position - namely that the SNP, which at the time held the balance of power in the UK parliament - should offer to support Theresa May's soft-Brexit deal in exchange for the transfer of powers to hold a ...
Rev. Stuart Campbell / Wings Over Scotland | Fri, 11 Dec 2020 13:02:16
A selection of the FT's biggest stories and best reads every Friday
Alice Hancock's top reads this week: Brexit's final act | Saudi Aramco's troubled culture | Tokyo's pastoral playground
FT | Fri, 11 Dec 2020 12:59:28
A watching world expects Brexit deal
Many Brexit deadlines have been set, extended and missed over the four years since Britain voted to leave the European Union. The one that really matters is January 1 when a transition period ends and the impact of Brexit will finally be felt.Detailed plans for this momentous change should have ...
SCMP Editorial / South China Morning Post | Fri, 11 Dec 2020 12:58:58
G10 FX Week Ahead: Running out of road
It is a very close call, but we still think a Brexit deal can be agreed, with the risk of negotiations dragging beyond Sunday's deadline. Next week will also be about central banks: the Fed should keep the punchbowl in place, the BoE's tone will depend on Brexit and the ...
Ing | Fri, 11 Dec 2020 12:55:00
British Pound Tumbles as Prospects Dim in Brexit Talks: Live Business Updates
The New York Times / NY Times | Fri, 11 Dec 2020 12:52:42
Purplebrick, Dixons Carphone, Serco Group and Bank of England on the agenda for coming week
By the time markets open for the coming week we should know whether a Brexit deal has been agreed and this would dominate all the news scheduled for the rest of the week. In the corporate diary there are updates due from companies in various sectors to have been affected ...
Proactive Investors | Fri, 11 Dec 2020 12:44:00
No-Deal Brexit Now 'Very, Very Likely', Says Boris Johnson
Ned Simons / Huffington Post | Fri, 11 Dec 2020 12:43:30
ECB eases, Brexit still at impasse
EUR/USD is slightly lower in the Friday session. Currently, EUR/USD is trading at 1.2113, down 0.19% on the day. ECB boost PEPP, notes high euro The ECB held its final policy meeting of the year on Thursday and the meeting was a live one. The central bank raised its Pandemic ...
Kenny Fisher / OANDA | Fri, 11 Dec 2020 12:41:49
Futures Tumble On Stalled Stimulus Talks, Brexit Chaos
Futures Tumble On Stalled Stimulus Talks, Brexit Chaos Tyler Durden Fri, 12/11/2020 - 07:41 Global markets dropped on Friday as Brexit negotiations appeared on the verge of collapse, while delays over a new fiscal stimulus package and surging coronavirus infections hit risk appetite pushing S&P futures and sterling lower as ...
Tyler Durden / Zero Hedge | Fri, 11 Dec 2020 12:41:35
Deal or no deal, there may be a Brexit silver lining for Northern Ireland
After several years at the centre of Brexit arguments, Northern Ireland is now seen as the inevitable loser, whether there's a deal or no deal. But while the Brexit debate has caused painful discussion about politics and identity, there could be a silver lining in economic terms. Should no further ...
Marek Martyniszyn, Senior Lecturer in Law, Queen's University Belfast / The Conversation | Fri, 11 Dec 2020 12:29:53
Brexit Fears Weigh On Sterling
Seeking Alpha | Fri, 11 Dec 2020 12:15:52
Boris Johnson's 'red wall' facing blow from no-deal Brexit and Covid
FT analysis shows how the north and midlands are among areas of Britain with highest share of jobs in 'at risk' sectors
FT | Fri, 11 Dec 2020 12:13:15
European Markets Shattered By Dwindling Brexit Deal Hopes
Europe's stock markets and the pound slumped Friday after both London and Brussels warned that a no-deal Brexit was a strong possibility, sending investors running for the hills. London stocks sank 1.2 percent nearing midday, while Frankfurt tanked 2.1 percent and Paris was down 1.4 percent in early afternoon eurozone ...
IBTimes | Fri, 11 Dec 2020 12:11:21
Pound heading for crash if Britain fails to get Brexit trade deal
The British pound could plunge by 10% or more if the United Kingdom does not finalize a trade deal with the European Union this weekend.
CNN | Fri, 11 Dec 2020 12:05:49
Disney, Tesla, MetLife: What to Watch When the Stock Market Opens Today
U.S. stock futures fell amid fears of a disruptive Brexit, while Disney shares surged pre-market on bullish forecast for streaming customers
WSJ | Fri, 11 Dec 2020 11:59:00
Er, Bon Appétit? Apocalyptic Brexit Menu Serves Up Some Unappetising Choices
Sara C Nelson / Huffington Post | Fri, 11 Dec 2020 11:53:49
Nandy: Labour Wants EU to Control British Regulations and Set Pay After Brexit
Labour's Shadow Foreign Secretary Lisa Nandy repeatedly refused to rule out Labour support for the EU setting binding new rules for the UK for years to come this morning; going even further when pressed and arguing that after Brexit the EU should be able to set workplace regulations and even ...
Tom Harwood / Guido Fawkes' blog | Fri, 11 Dec 2020 11:46:17
FTSE 100 falls as traders sell banking stocks ahead of expected "no deal" Brexit
FTSE 100 index sheds 64 points Banking giants friendless on expectations of "no-deal" Brexit Morgan Stanley suggests insurance, property and housebuilding sectors will also be hit hard by "no-deal" 11.40am: Banks "getting it in the nexit" The FTSE 100 is down by 1% this morning on fears that Britain will ...
Proactive Investors | Fri, 11 Dec 2020 11:46:00
EU Says UK Will Still Be 'Sovereign' Under Its Terms For A Brexit Deal
Arj Singh / Huffington Post | Fri, 11 Dec 2020 11:42:20
No deal is more likely than a post-Brexit trade pact, EU chief says
Britain is now more likely to leave the European Union’s orbit on December 31 without a trade deal than with an agreement, European Commission President Ursula von der Leyen told the bloc’s 27 national leaders on Friday, an EU official said.The United Kingdom quit the EU in January but remains ...
Reuters / South China Morning Post | Fri, 11 Dec 2020 11:37:10
Brexit Fears Weigh on Sterling
Overview: The odds of a UK-EU agreement and new stimulus before year-end in the US have faded and are sapping risk appetites ahead of the weekend. Although most Asia Pacific equity markets gained, China and Australia were notable exceptions, European shares are heavy, and the Dow Jones Stoxx 600 is ...
Marc Chandler / Marc to Market | Fri, 11 Dec 2020 11:35:31
An EU travel ban for Britons brings home the sad reality of Brexit | Giles Tremlett
Covid travel restrictions are some of the first real consequences to hit Great Britain - and there are many more to come No one expects a joyous new year in 2021. Covid-19 will ensure that. Yet news that a collision between the pandemic and Brexit may also see Britons barred ...
Giles Tremlett / Guardian | Fri, 11 Dec 2020 11:29:08
A poem for Brexit
Whois in charge of the Brexit train?The logistics creak, and the ferries strain.Ten minutes behind at Dover. Yes!And we're twenty now to the bad-no less!At every mile we a minute must gain!Whois in charge of the Brexit train? Why, ego and hubris, as a matter of course!You may talk of ...
brianmlucey / Brian Lucey | Fri, 11 Dec 2020 11:26:12
Britain Finalises Free Trade Pact With Vietnam
Britain and Vietnam on Friday finalised a free trade agreement, the second deal London has reached in Southeast Asia in as many days while deadlock continues over post-Brexit European Union arrangements. The deal with Vietnam comes into force January 1, 2021 and will be Britain's third, following Thursday's pact with ...
IBTimes | Fri, 11 Dec 2020 11:14:59
Lisa Nandy concludes the government has "lost the plot" over Brexit
Labour's Shadow Foreign Secretary Lisa Nandy concluded this morning that the government has "lost the plot" over Brexit,...
Sienna Rodgers / Labour List | Fri, 11 Dec 2020 11:09:29