Market Talk – April 17, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 509.40 points or -1.32% to 37,961.80 Shanghai increased 64.31 points or 2.14% to 3,071.38 Hang [...]
The British Parliament has rejected Prime Minister May’s BREXIT plan for a third time. This now leaves them to come up with a plan that Brussels must accept by April 12th or face a hard exit. On top of that, the phone here is melting down with questions about how “hard” is a “hard-landing” going to be from various political sources. Central banks are shifting already to once again stimulate. This is not looking very good, to say the least. Ten years of stimulation has been a complete failure in Europe. We have major political and banking turmoil and financial chaos looking ever more serious for May.