Brexit negotiations settlement or not!? ~ Highlights and schedule for November 14 ~
◎ Today's Highlights
1)Approval of the UK Cabinet Brexit plan
Yesterday, statements and reports emerged that there was a "Brexit negotiation agreement" between the UK and the EU. There are also reports that an extraordinary EU summit might be held on the 25th. In response, the pound surged sharply.
However, approval within the UK parliament has not yet been secured, so the agreement is not yet finalized.
Today, it seems that approval will be sought from UK ministers. Some ministers have already expressed opposition or criticism. Therefore, if approval cannot be obtained, the agreement will not be reached. Pay attention to today’s UK ministers.
2)Italy budget修正
Italy has stated that it will not modify the budget plan. In response, we will focus on Europe’s reaction and Italy’s long-term interest rates and stock prices.
Italy's long-term interest rates are rising, and the yield gap with Germany's long-term rates is widening. Also pay attention to the Germany-Italy long-term interest rate gap.
3)WTI Crude Oil Price
The WTI crude price has fallen for 12 consecutive days, attracting attention. The causes are thought to be concerns about demand due to an economic slowdown and President Trump’s denial of production cuts.
This is affecting the stock market and Dow Jones, which are declining. The drop in oil prices is creating a risk-off trend. Pay attention to oil price trends again today.
◎ Today's Event Schedule
11/14 (Wednesday)
ASEAN Summit
Italy budget修正 proposal submission
UK Ministers approve Brexit plan
08:30 AUD Westpac Consumer Confidence Index
08:50 JPY GDP
11:00 CNY China Industrial Production
16:00 EUR Germany GDP
16:45 EUR France HICP/Consumer Price Index
17:00 EUR Spain HICP/Consumer Price Index
17:00 CZK Czech GDP
17:00 HUF Hungary GDP
17:30 SEK Sweden CPI (Consumer Price Index)
18:30 GBPCPI (Consumer Price Index)
19:00 EUR Eurozone GDP and Industrial Production
22:30 USDCPI (Consumer Price Index)
11/15 (Thursday)
ASEAN Summit
00:00 USDVice Chairman Quarles' congressional testimony (House testimony)
00:30 USD Crude Oil Inventories
08:00 USDPowell FOMC Chairman's remarks
09:30 AUDEmployment change and unemployment rate
◎ Weekly Schedule
◎ Records Room
↓↓↓ Stock prices, long-term interest rates, and important-person remarks summarized below ↓↓↓
November 13 Records Room – Stock prices, interest rates, and remarks by important figures –
