What is New on the Market, March 19

Theresa May has no time for a new deal on Brexit.

Economic News
Mar 19, 2019

Theresa May has no time for a new Brexit deal, as earlier it was planned that the separation of the UK from the EU was to be held on March 29, but after last week's votes It became obvious that the parliamentarians could not reach an agreement. John Bercow, the Speaker of the House of Commons of the United Kingdom, in fact, forbade another vote in Parliament on this issue. Parliamentarians pointed to a law adopted in 1604, prohibiting voting twice for the same bill.

The British Prime Minister has less and less time to draw up a new deal, and it will also need to be coordinated with Brussels. The “hard” exit option is actually banned by the Parliament, so a vote is likely to be held to extend the UK’s presence in the bloc. Also, there is an option of another scenario and the exit may not take place at all.

The situation on the commodity markets shows a positive trend, and the price of Texas-based WTI crude oil has approached $60 per barrel amid statements by Saudi Arabia and Russia. Also, quotes are spurred by the US ban on the purchase of Venezuelan oil. In general, this situation led to an increase in the shares of energy companies and supported the currencies of exportering countries.

Marten Claes

Economic News

Brexit in Disarray

A third vote on May's deal is not guaranteed to happen this week.

Anna Sneider
Mar 19, 2019

Economic News

China-EU Talks

Key Chinese officials are visiting Europe to discuss economic cooperation.

Anna Sneider
Mar 18, 2019

Economic News

What's New on the Markets on March 18

We are waiting for the release of a new service from Google.

Marten Claes
Mar 18, 2019