50 days from the hell of a hard Brexit

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Britain appears to be sleepwalking towards a sticky end as the Brexit cli edge looms large. At least the outlook is brighter across the Atlantic, while a possible bottoming in China lifts risk assets. Soft economic data in the eurozone saw Bund yields pushed to a new three-year low during the past week, with the European Commission forced to downgrade its forwardlooking forecasts for the region. Italy continues to be a regional underperformer with the 2019 projection cut to 0.2%. Germany has also lagged of late, with slowing global trade weighing on the export sector, as evidenced throughout the recent corporate earnings season.