general election

It is exactly one year since the UK held the historic referendum vote on EU membership. As Deutsche Bank's Jim Reid notes, whether you think that has passed quickly or not probably depends on if you’re a Sterling FX trader, in which case it’s more than likely been a long year. With today being the anniversary we thought we would see how assets have performed over the past year since the vote...

• Republican Handel Wins Georgia House Seat, Dashing Democrats’ Hopes (BBG)
• Uber CEO Kalanick Quits as Investors Revolt (WSJ)
• Saudi King’s Surprise Shakeup Clears Son’s Path to the Throne (BBG)
• After weeks of secrecy, U.S. Senate to unveil healthcare bill (Reuters)
• Latest Election-Hacking Hearings to Focus on State-Level Events (WSJ)
• Trump’s Net Worth Slips to $2.9 Billion as Towers Underperform (BBG)
• Oil Returns to Bear Market (WSJ)
• Brexit Dominates May's Program as Some Manifesto Pledges Ditched (BBG)

Authored by Ann Pettifor via RenegadeInc.com,

Britain is preparing to leave the European Union with no real plan and a government in disarray, writes economist, Ann Pettifor. How can we trust economists at the Treasury not to impose more disastrous policies?

If the British economy crashes as a result of Brexit, it will not vindicate economists. It will simply illustrate once again, their failure.

• UK PM May says attack on Muslims near mosque is 'sickening' (Reuters)
• Macron Under Pressure to Deliver as French Turnout Plummets (BBG)
• Market Volatility Has Vanished Around the World (WSJ)
• Real victory will be in 5 years, says Macron camp after election win (Reuters)
• Brexit Talks Kick Off in Brussels as May Urged to Soften Stance (BBG)
• As Brexit Talks Begin, EU’s Chief Negotiator Wants to Remove Uncertainties (WSJ)
• U.S., Japan Probe Deadly Ship Collision That Left Seven Dead (WSJ)

S&P futures rose 0.3% in subdued trading with Dow Jones futs once again in record territory as European stocks jump 0.6% following Sunday's landslide victory for Macron's party in the French parliamentary elections and as Brexit negotiations are set to officially roll out on Monday.