1/ROAD TO NO. 10
Investors will wake on July 24 to a new British prime minister. Boris Johnson, the face of the Leave campaign in the 2016 Brexit referendum, is — if betting markets are to be believed — almost certain to capture the majority of Conservative Party members’ votes and become the new leader, beating foreign minister Jeremy Hunt into second place to succeed Theresa May.
But Johnson may have boxed himself into a corner with his promises so investors are bracing for more sterling pain - they expect a sharp rise in volatility in the currency around Oct. 31. Banks warn of a pound at or near parity with the euro and dollar should a no-deal Brexit come to pass. How low could the ECB go? Talk is swirling that the bank may tweak the way it targets inflation, enabling it to cut rates more and keep them low even if inflation goes above target. And of course, investors will be listening out for any hint that the ECB will resume bond-buying and if so, when.Purchasing Managers’ Indexes , generally reliable gauges of economic trends, have been painting a pretty gloomy picture in recent months.
If July PMIs show the composite gauge dipping into contraction territory, it would confirm that economies are indeed in need of policy stimulus.Netflix kicked off earnings for FAANG stocks on a bleak note. Shares of the video-streaming service swooned 10.2 % after it reported its first U.S. subscriber drop in eight years.
Facebook, which reports on Wednesday, has enjoyed a 50%-plus share surge so far in 2019. But the shares have fallen in recent days amid calls for greater regulation of the company’s handling of private information. It’s also under fire in Washington for its plan to launch a cryptocurrency, Libra. No prizes then for predicting that new governor Murat Uysal will deliver a rate cut on Thursday, the only question being by how much. Money markets are pricing in at least 300 basis points, while a Reuters poll of economists reckons 250 bps. Consensus: the only way is down.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Five Problems That Could Torpedo America's Naval Shipbuilding CapabilityNaval shipbuilders may be headed for record revenues, but their problems are far from over.
Leer más »
Watch Five Scariest Crashes From Tour De France 2019 Week OneCrashes can be part of any race, even when elite cyclists are involved. Week One of the 2019 Tour de France featured some harrowing wrecks, as the world’s best writers seek to gain advantages…
Leer más »
Danniella Westbrook celebrates five months clean of drugs with wild night outEastEnders star Danniella Westbrook was spotted partying in Manchester's Gay Village to celebrate five months of sobriety
Leer más »
O'Rourke bolsters senior staff with five hiresThe hires come as O’Rourke builds out his campaign operation after entering the race with an unusually skeletal staff.
Leer más »
Ryan Adams Resurfaces Online Five Months After Sexual Misconduct Allegations: 'I Have a Lot to Say'Ryan Adams has resurfaced online for the first time in five months following allegations of sexual misconduct by several women.
Leer más »
The Five Stages of Dealing with the 'Cats' Trailer'The two minutes and twenty-three seconds of CATS that we were given are, without hyperbole, some of the most deeply disturbing images ever put on screen. Midsommar could never. Hereditary found dead in a ditch.' oureric writes:
Leer más »