Banks begin quantifying the size of their post-Brexit exit plans, publisher Pearson's shares crash, and it's day two at Davos.
Brexit
With economists questioning U.K. Prime Minister Theresa May's Brexit plan outlined in a speech yesterday, major banks are starting to quantify the effects on their London business....Читать далее

Theresa May is expected to set out her vision for a hard Brexit in a speech this morning. The dollar is weakening against all its G10 peers, and Saudi Arabia says that OPEC production cuts can end in June.
Brexit details
U.K. Prime Minister Theresa May is due to give a speech at around 6:45 a....Читать далее

Fiat shares recover some losses as CEO says it is not Volkswagen. China is trying to stop currency outflows, and Yellen says everything's all right, for now.
Fiat defends itself
Shares in Fiat Chrysler Automobiles NV are recovering some of yesterday's more-than 18 percent plunge after Chief Executive Officer Sergio Marchionne dismissed the U....Читать далее

The Trump trade reverses as bonds gain and dollar slips post press-conference. UniCredit looks to raise close to its current market value in a cash call, and Volkswagen pleads guilty in emissions case.
Trump trade
The dollar slumped against major peers and the yield on 10-year Treasuries touched its lowest level since November, in the wake of President-elect Donald Trump's first press conference since his election....Читать далее

The Turkish lira is still seen as an easy short as it sets more record lows. Bond kings don't agree on where to call the end of the 30-year bull market, and Trump will face questions later.
Lira drag
The Turkish lira fell to another new record low this morning, and was trading at 3....Читать далее

Dollar rally struggles, the pound slump drives FTSE to record record, and the end of an era at Yahoo.
Dollar drops
Investors worried that the market has got too long dollars are paring back positions ahead of President-elect Donald Trump's news conference tomorrow....Читать далее

The shutters come down on Greek banks, European stock markets plunge and credit risk surges. Greece dominates the conversation this morning.
Sterling slides
The British pound was trading 1.1 percent lower at $1.2148 as of 4:55 a.m. ET following comments over the weekend from Prime Minister Theresa May which stoked fears that the U....Читать далее