Summary for the 21st of October Brexit drama


On Saturday, the British parliament is withholding the final decision of the revised Brexit deal and forcing Boris Johnson to ask the European Council for an extension to the 31st of January. Instead the parliament has greed on Oliver Letwin’ amendment, which states that there wont be a no deal Brexit until the parliament has agreed on the revised Brexit deal this week. And on Saturday night, Boris Johnson has sent an unsigned letter to the European Council asking for a Brexit delay as well as a personal letter to the Council asking the EU leaders not to delay Brexit.

The US stock exchange has closed in negative on Friday after Johnson & Johnson has to recall 33 000 bottles of baby powder in the US after health regulators found trace amounts of asbestos in a bottle purchased online. Boeing has admitted that two of its employers in 2016 misled the FAA about the 737 Max and its technical system. Weaker than expected Chinese economic indicators also contributes to the negative close on Friday.

US imposes tariffs on European goods such as cheese, wine, olives. This is after the WTO, at the beginning of October, has given the US the go-ahead to impose tariffs of 10 percent rate on aircrafts and 25 percent on luxury products with the total value of 75 billion dollars due to the government illegal state subsidies to Airbus.

Indices for 21st of October
Dow: -1 % (18th of October)
S&P 500: -0.4% (18th of October)
Nasdaq: -0.8% (18th of October)
Nikkei: +0.3%  (21st of October)
Chinese indices: Between -0.1 to +0.3%(21st of October)
STOXX Europe 600 Index: +0.61% (21st of October)

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