Daily Briefing: May's departure and the new Brexit endgame

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Daily Briefing: - UK PM in peril over Brexit, report more ministers could quit - Europeans vote in EU elections that will influence Brussels policy - Upstart Dutch nationalist set to make huge gains

and there’s been some bellicose rhetoric from Chinese state media. Shanghai blue chips shed 1.2% to near their lowest since February, while a telecoms index fell 2.7%, led by Huawei suppliers. Asian shares are at four-month lows while Japan and Korea also fell. Wall Street is set to open weaker.

So the dollar is approaching a one-month high against G10 currencies while Treasury yields are also down. The yuan weakened but losses were capped by the central bank setting the midpoint rate vs dollar a touch firmer than expected and also continued verbal reassurance from officials. Oil prices are on the cusp of falling under $70 as growth outlook darkens and inventories build. European stocks look set for heavy losses and all the major European stock futures are down 0.7-0.8%.as concerns about damage to the economy from the UK's deepening political crisis and trade tensions offset the benefit of the weaker sterling on its multinational constituents.

 

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The brits and parliament did not give May a chance at all

英国政府大约是脑子抽筋了~ 常识:拉帮结伙更有力量! 英国却非要单打独斗~~~~ 你觉得欧盟不好,可以改良啊!非要拿退出要挟欧盟,弄得自己下不来台。^_^

I am sure there will be much celebration when she leaves number 10 for the last time.

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