Business Maverick: Friday, April 11: Five Things You Need to Know to Start Your Day

Brexit DelayedEU leaders have reached a compromise deal to extend the Brexit deadline to the end of October with a review in June. That deadline means the U.K. leaves Europe before the next EU Commission takes office, limiting London’s entanglement in the next phase of European business. But it’s longer than Theresa May wanted and there’s a risk she faces a backlash when she takes the deal home. It also potentially sets up a political crisis in the U.K. for later this year.

Stocks ReboundThe S&P 500 rebounded from its first loss in nine days, while Treasuries held gains after Federal Reserve meeting minutes confirmed the central bank’s dovish tilt on policy this year. Tech shares paced the advance, boosting the Nasdaq indexes. Boeing continued its slide in the wake of the 737 Max fallout, helping to hold down the Dow Jones Industrial Average.

Enforcement AgreementThe U.S. and China have agreed to open “enforcement offices” as a way to make sure each side lives up to the terms of a trade deal still under negotiation, Treasury Secretary Steve Mnuchin said Wednesday. “We’ve pretty much agreed on an enforcement mechanism,” Mnuchin said on CNBC. “We’ve agreed that both sides will establish enforcement offices that will deal with the ongoing matters. So this is something that both sides are taking very seriously.

Australia’s Election CalledPrime Minister Scott Morrison called Australia’s election for May 18, with polls showing he’s facing an uphill battle to prevent a shift in power to the left-leaning opposition Labor party. The five-week campaign will be dominated by the stark policy differences between Labor and his Liberal-National coalition, which is vying for a third straight term.

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