Market Talk – October 17, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 269.11 points or -0.69% to 38,911.19 • Shanghai decreased 33.56 points or -1.05% to 3,169.38 [...]
BREXIT v EU
Dominic Raab, who was the negotiator in BEXIT told the chief whip straight after cabinet yesterday that he would quit. He said the prime minister could still change course and should be ready to walk away with no deal. Naturally, Prime Minister May defends the deal and this is indicative of someone who never supported BREXIT, to begin with.
Meanwhile, Chancellor Merkel said talks to amend the draft agreement were unlikely as a deal was “on the table” and Britain should just walk away and let Europe see the stupidity of their actions. Britain is the biggest market for German cars in Europe. A no deal will devastate the German economy at a critical time when it needs that trade the most.
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