Wednesday 18 July 2018

Week 41: Brexit talks set for top Brussels billing

'European Union leaders will meet in Brussels to discuss a range of issues, but Brexit negotiations with the UK will take top billing.'
'European Union leaders will meet in Brussels to discuss a range of issues, but Brexit negotiations with the UK will take top billing.'
John Mulligan

John Mulligan

This week promises to be an eventful one, with Brexit, Nafta and China all among the talking points.

European Union leaders will meet in Brussels to discuss a range of issues, but Brexit negotiations with the UK will take top billing.

The EU is to formally tell the UK it must improve the terms of its withdrawal offer. In return, the EU will offer a move to free-trade talks in December.

In China, the Communist Party Congress opens on Wednesday and will see most of the country's top officials replaced. But all eyes will be on President Xi Jinping, who could upend decades of party tradition by seizing more power and signal he is eyeing an unprecedented third term.

Talks on the future of Nafta have soured, with the US insisting the pact be reviewed every five years to see if it will continue.

In the United States, big companies including Morgan Stanley, General Electric, Procter & Gamble and IBM are due to report earnings.

Economic data out this week includes the retail price index and consumer price index in the UK. Figures for consumer sentiment across the EU are also due, as is construction output data.

Irish Independent

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