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This not a joke, Brexit has won the EU referendum.

This is not a joke, Donald Trump has won the US election.

This is not a joke, Moonlight has won best picture.

Once again, Europe finds itself waking up to some overnight madness. This time around, Hollywood is in the spotlight after an on-stage bungle saw La La Land initially proclaimed as the winner of the Academy Award for Best Picture.

Then came the announcement the wrong name had been read out and Moonlight, the story of a young black man growing up in Miami, was in fact the real winner.

To be fair, maybe not a huge impact for your portfolio today. But just think how different the world would be today if a bunch of other results weren’t the way they were: the UK wouldn’t be leaving the EU, Donald Trump wouldn’t be US president, La La Land would have won Best Picture, the Atlanta Hawks would have won the SuperBowl. Meh, whaddayagonnado?

And now for something completely different …

Stocks in Asia were down. Yes, we’ve checked the envelopes, they were down. Japan’s Topix was off 1.1 per cent, Australia’s S&P/ASX 200 was down 0.3 per cent and Hong Kong’s Hang Seng reversed early gains to be 0.3 per cent lower.

Companies reporting today include: Rotork, Trinity Mirror, Bunzl, ABF, Persimmon, Dechra Pharmaceuticals and Ascential. Here is today’s economic calendar (London times):

  • 08.00: Spanish inflation
  • 09.00: UK M3 Money Supply
  • 10.00: Eurozone confidence
  • 18.00: John Major speaking on Brexit
Copyright The Financial Times Limited 2017. All rights reserved.
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