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Germany’s BDI: UK Govt lacking clear concept on Brexit despite a lot of talk

The Federation of German Industries (BDI) is out with a brief statement on Thursday, expressing its concerns over the impending Brexit talks.

Key Points:

German companies in UK must make provisions for possibility of very hard Brexit

UK Govt lacking clear concept on Brexit despite a lot of talk

WTI steadies near $ 50, eyes on Saudi-Russia ‘epochal’ meeting

WTI (US oil futures on NYMEX) consolidates yesterday’s sharp sell-off to ten-day troughs, as markets brace for the key meeting between the Saudi King
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EUR/USD outlook stays negative – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s stance remains on the negative side for the time being. Key Quotes
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