Will Juncker's 'State of the Union' Be Aspirational?
European Commission President Jean-Claude Juncker will in his annual “State of the Union” address to the European Parliament in Strasbourg, France, warn of a split between the East and West following Brexit, The Daily Telegraph reports. If everyone was caught out by the U.K.’s vote to leave the European Union, at least some people in financial markets are going to be right about the next referendum that threatens to upend a country’s politics. Italians will cast their ballots on constitutional changes that Prime Minister Matteo Renzi has gambled his job on. Analysts at Goldman Sachs Group Inc. reckon he has a 60 percent chance of winning, while at Morgan Stanley they put that likelihood at 35 percent. Swissquote Head of Market Strategy Peter Rosenstreich discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."