The Focus Shifts To Earnings Reports

Edmond de Rothschild
By October 29, 2019 10:50

The Focus Shifts To Earnings Reports

Brexit commotion dominated market sentiment after the agreement reached by Boris Johnson failed to go to a vote in the Commons over the last weekend. The UK prime minister eventually got a majority for his text but accelerated adoption was refused so as to allow MPs time to look at the agreement in greater detail and possibly table amendments. It is now up to the European Union to decide on allowing a further delay beyond October 31. Faced with the parliamentary stalemate, Boris Johnson called for early elections on December 12 to capitalise on the Conservative party's lead in the poll. However, he will need a two-thirds majority in the house to go ahead. Elsewhere, the ECB meeting held no surprises with Mario Draghi sticking to his dovish message in his last appearance as chairman. In the US, the Fed is expected to cut rates in the week starting October 28.

Edmond de Rothschild
By October 29, 2019 10:50

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Various central banks met last week and offered markets the comfort of ongoing stimulus. #ChartoftheWeek plots both historic US interest rates and the market’s implied expectations, forecasting no normalisation. Read more in our #FixedIncome roundup: https://bit.ly/3hVWkLB

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