The Trader 

Market Outlook: Gloomy Christmas in Europe

The Trader

The ‘meaningful vote’ in the UK’s parliament is not happening today and instead PM Theresa May is scrambling around Europe begging for shreds of help and sympathy – just like PM David Cameron did some years ago, to be met with total European Commission intransigence. In France, protestors in high-viz jackets remain unhappy and some are suggesting they have been infiltrated by Front National supporters. In Sweden, there is no government, attempts to cobble something together since September’s hung election a failure. Italy’s budget negotiations drag on to the very last minute. Unsurprisingly December’s Sentix indicator for the EU dropped to -0.3 from 8.8 in November, its weakest in almost 4 years.  

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