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Weekahead: Markets eye trade, jobs & Brexit 'D-Day'

Sunday, December 03, 2017 - 01:49

Trade and trade deals is the headline theme in a week where the UK faces a deadline to meet key Brexit conditions - and where China, the US, and Europe's biggest economies report their latest import and export numbers. Also in the diary: the November US jobs report. Laura Frykberg reports.

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It's Britain's D-Day this week A meeting between Prime Minister Theresa May And the European Commission President... The deadline for the UK to meet its Brexit conditions... Before it can talk trade with the EU at a summit ten days later. ups?? signs of a breakthrough on some of them... Including the divorce bill and future of the Irish border... Has caused more optimism among economists. In a Reuters poll, they see a 25 percent probability of a disorderly Brexit.. A 5 percent decrease from October. (SOUNDBITE) (English) LCG SENIOR ANALYST, JASPER LAWLER, SAYING: "The Irish border is still a major stumbling block because it's just not quite clear from the UK government's perspective how they can pull this off. There has been talk about Northern Ireland basically staying in line with European customs law, but that would almost imply that there's a new barrier between Northern Ireland and the rest of the UK that is not something that's been looked on favored by the DUP which Theresa May is relying on for a majority in U.K. government." Trade, on the agenda in other parts of the world too this week. With data out of China, Germany..and, the U.S... If its trade deficit is larger than its protectionist president wants... That could have an impact on future U.S. trade Policy. (SOUNDBITE) (English) LCG SENIOR ANALYST, JASPER LAWLER, SAYING: "Donald Trump he views trade and trade results as pretty much a sort of win lose scenario and he very much views U.S. deficits overseas is losing the battle in international trade and it seems like he's determined to try and bring more bring more money back to the states bring them closer to a surplus whether he can achieve that or not is it is up to debate." Out of the U.S. also this week, is non-farm payroll data... Likely to show another solid month for job creation in November.. But like many others in the developed world, could show a squeeze on wages. Estimated to reveal their weakest rise in a year-and-a-half in October..

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Weekahead: Markets eye trade, jobs & Brexit 'D-Day'

Sunday, December 03, 2017 - 01:49