Global Markets: Boris Johnson wins large majority in UK election

By MarketsFarm

WINNIPEG, Dec. 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Boris Johnson’s Conservatives won a large parliamentary majority in Thursday’s United Kingdom election, taking 364 of the 650 seats. The Conservative win paves the way for a quick exit from the European Union.

– China and the United States are reportedly close to reaching a tentative ‘Phase One’ trade deal. While U.S. President Donald Trump has reportedly offered to cancel tariffs set to go into effect on Dec. 15, a deal is not yet signed and any actual details remain sparse.

– Former Algerian Prime Minister Abdelmadjid Tebboune was elected as the country’s new president on Thursday. The former president Abdelaziz Bouteflika had held power for nearly two decades, but was forced to resign due to anti-government protests. The demonstrators have vowed to continue their protests over concerns that the election did not provide any real change.

Futures Prices as of December 13, 2019

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Milling Wheat
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New Barley
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Prices are in Canadian dollars per metric ton

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