Brexit talks start; Macron'south win; White House tech summit

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Source:   —  June 19, 2017, at 7:58 AM

Brexit talks begin: Negotiators from the U. K. and European Union are meeting in Brussels on Monday for the first circular of divorce talks. The two parties have until March two thousand nineteen to settle a thorny set of issues related to trade and migration.

Brexit talks start; Macron'south win; White House tech summit

one. Brexit talks begin: Negotiators from the U. K. and European Union are meeting in Brussels on Monday for the first circular of divorce talks.

The two parties have until March two thousand nineteen to settle a thorny set of issues related to trade and migration.

Business and investors wish clarity about the terms of Brexit as soon as possible, because they necessity to know what kind of access U. K. companies will have to Europe'south vast free trading area in future.

Prime Minister Theresa May enters talks in a precarious position: Her party has lost its majority in parliament and her negotiating map is below fire.

May has called for a spotless crack from the EU, which would authorize the U. K. to control immigration from the EU. Others declare the economy should be given priority.

two. Macron wins big: French President Emmanuel Macron scored a major triumph in the second circular of parliamentary elections on Sunday.

The main stock index in Paris opened more than one percent higher on Monday after voters gave Macron'south centrist party a majority in parliament.

The result should assistance speed up Macron'south ambitious economic reform agenda.

However, very low turnout suggests Macron might still face public opposition over some of his work reforms.

three. White House tech summit: President Trump'south American Technology Council is set to meet for the first time on Monday. Representatives from Apple (AAPL, Tech30), Amazon (AMZN, Tech30), Alphabet (GOOGL, Tech30), Cisco (CSCO, Tech30), Oracle (ORCL, Tech30) and Microsoft (MSFT, Tech30) are expected to attend.

Trump said he wants the council to assistance the government "transmute and modernize" its tech.

Some of the biggest names in the industry will be missing. Tesla (TSLA) CEO Elon Musk quit two of the president'south business advisory councils after Trump withdrew from the Paris climate deal, and embattled Uber CEO Travis Kalanick left over the president'south immigration map in February.

four. Global market overview: U. south. stock futures were higher early Monday.

European markets gained around one percent at the open. Asian markets ended the session higher.

U. S. crude futures were trading 0.4 percent lower early on Monday, dropping below $45 per barrel.

The Dow Jones industrial average gained 0.1 percent on Friday, while the S&P five hundred was flat. The Nasdaq closed 0.2 percent lower.

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five. Economics & companies: NY Fed President William Dudley is holding a roundtable with businesses at eighth a. m. ET in Plattsburgh, NY.

Japan posted a astonishment trade deficit on Monday because of stronger demand from emerging markets.

Aircraft maker Lockheed Martin (LMT) said it's nearing a massive deal to sell four hundred forty of its F-35 fighter jets to eleven nations, including the U. S. The deal includes all three variations of the sophisticated F-35 Lightning II jet, a Lockheed spokesman said Monday.

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six. Coming this week:

Monday -- Brexit divorce talks start; Paris air show
Tuesday -- FedEx (FDX), Adobe (ADBE) earnings; Paris air show; Jack Ma hosts two-day event for U. S. tiny businesses in Detroit
Wednesday -- Oracle earnings; U. S. housing market data; U. S. crude inventories data; U. K. parliament opening; Paris air show
Thursday -- Barnes and Noble (BKS), Bed Bath & Beyond (BBBY), Accenture (ACN) earnings; Initial jobless claims report; EU consumer confidence data; Central Bank of Mexico rate decision; EU leaders summit; Facebook community event
Friday -- BlackBerry (BBRY, Tech30) earnings; EU summit

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