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Nervous week ahead for UK; U.S. China trade talks resume

Credit: Reuters Studio
Published on March 25, 2019 - Duration: 01:43s

Nervous week ahead for UK; U.S. China trade talks resume

Britain readies for another 'meaningful' Brexit vote, Apple gets TV-ready, and hopes rise for China and the US to make peace in their trade war.

Francis Maguire previews the week ahead.

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Nervous week ahead for UK; U.S. China trade talks resume

A nerve-wracking week for Britain lies ahead, Another Meaningful Vote in parliament hangs in the balance as Theresa May seeks backing for her EU withdrawal deal.... After Thursday's last minute Brexit reprieve from Brussels There's still all to play for hardliners who want no deal, And for those MPs who want to keep close ties with Europe.

(SOUNDBITE) (English) CHIEF ECONOMIST GERMANY WITH JULIUS BAER BANK, DAVID KOHL, SAYING: "When we look through the whole Brexit game we have to say that the longer the exit is delayed the more pressure is there to find a sensible solution, a solution which might be even softer than the proposal that are now on the table.

So from an economic viewpoint this could result in a better solution." Outside Brexit, investors are due figures on business sentiment from Germany.

While consumer figures come out Tuesday.

A day before France reveals its own consumer confidence data - will the 'yellow vest' protests have hit sales?

Attention also turns to Apple.

The tech giant is expected to unveil a television and video service.

A move likely to ramp up competition for Netflix and other online programming.

Another date for investors to keep their eyes on - March 28.

That's when U.S. trade representatives Robert Lighthizer and Steve Mnuchin are expected in China for more talks.

(SOUNDBITE) (Mandarin) CHINESE FOREIGN MINISTRY SPOKESMAN, GENG SHUANG, SAYING: "What I can say is I hope delegations from both sides can implement the important instructions from leaders of the two countries.

Try to work hard, aiming to achieve a mutually beneficial and win-win agreement based on mutual respect." Both sides want to finalise a deal before the end of next month - according to the Wall Street Journal.

And sources say trade talks are in the final stages.

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