Monday, 9 July 2018

Things To Look Out For Today - Events & Data (Ldn Times)...

Things To Look Out For Today - Events & Data (Ldn Times)...
Asia:
00:50am  - JPN BoP current account balance
00:50am  - JPN BoP current account adjusted
00:50am  - JPN Trade balance BoP Basis
01:30am  - BOJ Kuroda speaks at Branch managers meeting
Europe:
07:00am  - GER Trade balance
07:00am  - GER Current account balance
07:00am  - GER Exports SA MoM
07:00am  - GER Imports SA MoM
07:30am  _ BoF Industry sentiment
08:50am  - BoE Broadbent speaks at conference in London
12:00pm  - ECB Nowotny speaks in Zurich
14:00pm  - ECB Draghi speaks to the European parliament in Brussels
US:
15:00pm  - CAN Bloomberg Nanos confidence
20:00pm  - U.S Consumer credit
Market Focus this Morning...
-  The UK Times reports that Downing Street has already lined up names to replace the any of the Ministers that might resign at Chequers.
 - Which is a good thing as o/n we have seen David Davis (Brexit secretary) resign from Cabinet over Theresa May's Brexit plan
 - Steve Baker, his deputy, and another Brexit minister Suella Braverman also quit
 - Jacob Rees-Mogg says he cannot vote for Brexit plan
 - Prime Minister is due to address Tory MPs on Monday night.
 - Just 48 hours after Mrs May appeared to have united her Cabinet behind a vision for Brexit, her plans were in tatters, with a very real danger that she could now face a leadership challenge within days.
 - Up to half a dozen backbench Tory MPs are said to be preparing to submit letters to the Party expressing a lack of confidence in the Prime Minister after she signed the Cabinet up to a "soft" Brexit plan, which could be enough to force a confidence vote in her.
 - 48 letters are required to force a "vote of confidence" which up until  the resignations Mrs May had been expected to survive.

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