David Buik, Market Commentator at Panmure Gordon, talks about the Brexit referendum and the implications of an EU deal for the City. The Institute of Directors has found that 60% of its directors plan to vote to remain, and an open letter signed by half of the FTSE100 chairmen and chief executives say that leaving the EU “would put the economy at risk”.
Francesco Guerrera, Associate Editor and Chief Financial Correspondent at Politico Europe, joined Nigel Cassidy and Sara Sjölin after the first EU Council session ended in the early hours of Friday morning with no agreement on several key issues. Before negotiations reconvened, Francesco looked at what stage the talks were at.
The make or break European Council Summit is due to get under way in Brussels. The crucial issues on the agenda: trying to agree a new UK membership deal to set the terms of an imminent referendum, and Europe’s response to the migration crisis. So is an agreement in reach? Ryan Heath, Senior EU Correspondent and Associate Editor at Politico Europe in Brussels, offers his views.
Mike Indian, Senior Analyst at DeHavilland, and Annie Scanlan, EU Analyst at DeHavilland, join us in the studio to discuss David Cameron's attempts to win over doubting national leaders for his EU reform package
Oil prices fell on Tuesday despite Saudi Arabia and Russia agreeing to freeze oil output at January levels if other producers follow suit. A potential stumbling block is Iran, after petroleum minister, Bijan Zangeneh, said that the country would "not forego its oil market share". Kevin Baxter, Global Commodities Spot News Editor at the Wall Street Journal, gives his opinion on the matter.
Negotiators are working hard to allow the European Council to agree on a final deal based on the demands presented by David Cameron. The French government, supported by Germany, has raised objections to the draft agreement put forward by European Council President Donald Tusk. Francesco Guerrera, Chief Financial Correspondent at Politico Europe, gives more on this.
Judging by some of the latest European bank results, we might need to brace ourselves for a financial crisis. This time though, it's not so much about banks being poorly regulated. It would seem that the actions being taken by central banks to try and steady their countries’ economies have had a nasty side-effect. Steen Jakobsen, Chief Investment Officer of Saxo Bank, talks on central banks.
Francesco Guerrera, Chief Financial Correspondent at Politico Europe, joins Nigel Cassidy and Marketwatch's Sara Sjölin to discuss the turmoil in European markets, and also look ahead to what’s coming up.
Morning Money: How will banks deal with UN British citizen sanctions?
Morning Money at 8:00
The United Nations has imposed sanctions on five British citizens who are fighting with Islamic State militants in Syria, following a request from the British government. But what are the implications for banks? Chrisol Correia, Global Head of AML at LexisNexis Risk Solutions, speaks to Nigel Cassidy and Mark Johnson to offer an insight.
Morning Money: Andrew Chevis reveals whether he'll return to the Labour Party
Morning Money at 8:00
Shadow Chancellor John McDonnell has called for all defected members to return to Labour. Andrew Chevis, ex Chairman of the Battersea Labour Party and now of the SNP, joins Sarah Lowther and Mark Johnson to reveal whether he's considering a return. Andrew also sets out a major political aspiration.