Fundamental Issue

NEWS BREXIT.

British Prime Minister Theresa May be threatened with overthrow. The British mass media, the Sunday Times reported, plans came from the May cabinet itself.
key ministers added to overthrow May in the next few days, due to Brexit vagueness.

The Sunday Times said 11 senior ministers had agreed to overthrow May.
The end is imminent, he will resign in 10 days said one Cabinet minister may not be approved by his name.

De facto deputy May David Lidington is the strongest candidate to be appointed as interim prime minister. But there are names of other ministers who also received support, namely Environment Minister Michael Gove or Foreign Minister Jeremy Hunt.

The newspaper said the cabinet would be brought in tomorrow on Monday. If he refuses to step down, these ministers refuse to resign.

Meanwhile, Mail on Sunday reported that Gove was a consensus candidate among ministers who believed that Lidington was too pro-EU. Except for members agreeing to Euroceptic, they also expressed skepticism about Gove.

The Sunday Telegraph said that former education minister Nicky Morgan, who chose to remain in the EU, was very popular among several members who were pro-going. He is quite famous as a "candidate for unity" for May candidates.

May's office itself declined to comment on the report. Ladbrokes said, currently, there is a 20% chance that May will leave at the end of this month.

As is known, in accordance with the legal provisions, Brexit will be held on March 29, before May holds talks with the European Union to get Brexit.

If approved by England, an agreement made with the British government with the European Union, the date of separation will be postponed until May 22. But if approved, then the withdrawal agreement, then the European Union will shorten the period of UK withdrawal to April 12.

BRITISH AND WORLD PARTIES CONTINUE SPEAKING ABOUT BREXIT


The Conservative Party, the ruling party in Britain and the Labor Party will hold further talks on Brexit on Thursday, after lawmakers spawned a law that would legally rule out Brexit, which has no agreement with just one vote.

Prime Minister Theresa May said she wanted to secure the Brexit approach with Labor leader Jeremy Corbyn ahead of next week's European Union summit, where she said she would ask for a delay for the scheduled release by Britain of the European Union on April 12.

During this extension, May will seek to pass the necessary legislation before May 23, so the UK does not need to take part in European parliamentary elections.

However, there is speculation on both sides about whether Thursday's negotiations will be successful, according to sources from the Times. The reason is that the European Union has stressed that there will be no extension after April 12, unless the British parliament ratifies the May agreement with the European Union where it has been rejected three times by the parliament.

SOCIALIST PARTIES WIN THE SPANISH ELECTION, BUT DO NOT ACHIEVE PARLIAMENT MAJORITY


The Spanish Socialist Workers Party won the most seats in parliamentary elections on Sunday but did not reach the majority vote needed to form a self-government.

Based on calculations by the interior ministry with a total of 95% in the meantime, the socialist party led by Prime Minister Pedro Sanchez has won 123 parliamentary seats out of a total of 350. Meanwhile for the Podemos party it has 42 seats, making both parties only 11 seats out of the majority. This means that the bloc of the left-wing party in the country does not yet have an advantage over its right-wing rivals in national elections.

The right-wing conservative People Party (PP) party won only 65 votes, with the center-right party Ciudadanos gaining 57 seats and the other right-wing party Vox gaining 24 seats.

Sanchez requested an election in February. This came after a pro-Catholic independent party, which had previously been a minority supporter of the Sanchez government, joined the right-wing opposition and rejected the government's 2019 budget proposal.

Sanchez has led the government for less than a year. He won power in June 2018 after winning a no-confidence vote from the previous government led by the People Party, under the leadership of Mariano Rajoy. It was the third Spanish national election in four years.

The results of the polls in the past few weeks have consistently stated that Sanchez's socialist party will win a big vote in the election, but it is not enough for the party to govern alone. The poll also showed the presence of a large right-wing party for the first time since it was led by dictator General Francisco Franco, who ruled Spain until his death in 1975.

In a few weeks, if it doesn't drag on for months, the discussion is now expected to run because the opposing parties are trying to form an alliance to create a coalition government.

The Reuters news agency reported Wednesday that a diplomatic cable from Beijing arrived in Washington on Friday night, with a systematic edit to the draft of a nearly 150-page trade agreement that would disrupt months of negotiations between the world's two largest economies, according to three US government sources and three short private sector sources. in conversation.

The document is full of reversals by China that have damaged the core US demands, the source told Reuters.

In each of the seven chapters of the draft trade agreement, China has erased its commitment to amend the law to resolve the core complaints that caused the United States to launch a trade war: theft of US intellectual property and trade secrets; forced technology transfer; competition policy; access to financial services; and currency manipulation.

Responding to this desperate Chinese action, Donald Trump vowed to raise tariffs on Chinese goods worth $ 200 billion from 10 to 25 percent on Friday this week - scheduled to take place during a visit by Chinese Deputy Prime Minister Liu He to Washington to continue trading talks.

The contents of the diplomatic cable that opposes the US idea strikes directly at the highest priority of US Trade Representative Robert Lighthizer - who views changes to Chinese law as important to verify compliance after years of what US officials call a promise of empty reform.

Lighthizer has been pushing hard for law enforcement as it is used for economic sanctions on North Korea or Iran - rather than a typical trade agreement.

"This undermines the core architecture of the agreement," said a Washington-based source familiar with the negotiations

The Federal Open Meeting Committee (FOMC) is a board of policy meetings of the United States central bank. While the FOMC Meeting is a formal meeting between the top officials of the Fed which aims to discuss the latest economic outlook and future plans for US monetary policy. For the year 2019, Fed Chair Jerome Powell confirmed that he would always include a press conference at each monetary policy release. However, not all releases will be accompanied by a summary of economic projections.

China criticized US Secretary of State Mike Pompeo for making rumors that Huawei's Chief Executive had lied about Huawei and China's government relations.
On the other hand, the weakness of a series of US economic data announced last week is increasingly alarming. Many people suspect that this is an impact of trade feuds with China. Thus, there is a possibility that the Fed must re-consider the policy of cutting interest rates. US monthly Durable Goods Oorders data are down to -2.1 percent in April 2019, lower than expectations of -2.0 percent. Whereas before, the data reached 1.7 percent. While the Core Durable Goods, which have more influence on the US Dollar, stagnated at 0.0 percent, down from the previous period at 0.3 percent.

US-China Agrees to Restart Trade Talks
The United States and China agreed to restart trade negotiations, after a meeting between Trump and president Xi Jinping on the sidelines of the Osaka G20 Summit on Saturday (29 / June) morning local time. The news of the cease-fire of the US-China trade war this weekend was welcomed positively by the business community, and has the potential to catapult interest in market participants early in the week.
At the beginning of the conversation, President Xi told Trump that he hoped the United States could treat Chinese companies fairly. But regarding the issue of economic sovereignty and respect for the country, China (still) must maintain its core interests. "Cooperation and dialogue are better than friction and confrontation," said president Xi.