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Britain, EU Launch Brexit Talks; Oil Bounces Higher After Last Week’s Losses

Published June 19, 2017
  • Britain's Brexit minister, David Davis, and the European Union's chief negotiator, Michel Barnier, are due to start negotiations over Britain's departure from the bloc in Brussels today, a two-year divorce process ending March 2019
  • New York Fed Chief William Dudley, a close ally of Fed Chair Janet Yellen, will kick off a busy week of Fed speakers today with a talk to business and community leaders in Plattsburgh, New York at 8:00AM ET
  • French President Emmanuel Macron's government promised today to renew politics in France; final official results show he has won the commanding parliamentary majority he needs to be able to push through his far-reaching pro-growth reforms
  • Global stock markets were mostly higher to start the day as investors shifted their attention to political events across Europe
  • Oil prices bounced back this morning but gains were limited as the market weighed ongoing efforts by major producers to cut output and reduce a global glut against a seemingly relentless increase in US drilling activity