May lives another day, but Brexit hits another hurdle

By Alex Moffat. Published at Jan 17, 2019, in Market Wrap

A headline flashed across our Bloomberg screen at 2:10pm yesterday, it read........... Brussels – “there will be no negotiation on Brexit”..............

So there you have it, the UK and the EU cannot even resume negotiations because Brussels has spat the dummy.

It is a bit like a nasty divorce and just as the children suffer in that instance, so Britain will suffer because of the pig-headedness of the Brussels bureaucrats.

The British government managed to scrape through a no-confidence motion this morning, it was brought by the Labour Party yesterday following the Brexit vote. The government won the vote by 325 to 306 allowing them to proceed towards trying to do a deal before the exit on 29 March.

While the rest of the world is being tugged this way and that by elected - or in some cases unelected - representatives, it is nice to see scientists going about their work. The Geneva based particle research centre CERN has published its idea for a GBP20 billion successor to the Large Hadron Collider, which has been titled the Future Circular Collider.

Clearly there was no marketing committee at Cern and nor do they need one. The collider will be almost four times longer than the existing one and ten times more powerful. Scientists are interested to find an explanation for gravity and why galaxies are rotating faster than they should be, suggesting the universe is expanding faster than it should be.

Having mentioned Brussels earlier, it is worth drawing readers’ attention to news that Belgian national pétanque players have been accused by the Dutch of using cocaine to give themselves a performance enhancing edge. Apparently, Belgian players will sneak off to the toilet during a match and return wide-eyed and not put a boule wrong for the rest of the match.

With the exception of London, global markets were pretty steady yesterday and overnight leaving our market with an indicated futures gain of 9 points. The Aussie is a tad weaker at USD0.7186 and out long bond basis point weaker at 2.28%

Alex Moffat is a director at Joseph Palmer & Sons.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X