UK Brexit leader Farage rejects Tory calls to clear path for Johnson
China lifts ban on US poultry effective immediately
Another choppy day in markets amid lack of fresh catalysts. Perhaps tomorrow we could have a new pick up in activity as US Retail Sales for October are due at 1.30 pm London time. Today highlights on the calendar saw the German GDP flash reading - which rebounded to 0.1% avoiding a technical recession after the previous -0.2% in September. Moreover, we were awaiting UK Retail Sales for October which disappointed expectations contracting by -0.3% from the previous 0.2% with the YoY figure dropping 2.7% from the previous 3.4%. Markets remain pretty unresponsive to data for now as the main focus remains on the development of ongoing trade negotiations between the US, China and the EU. According to the latest reports, US and China are due to sign a Phase One agreement. However, comments from US representative have created confusion on tariffs rollbacks. Markets stay on hold awaiting the US decision over the imposition of EU auto tariffs, just for context the decision was also expected yesterday.
Find HERE the most notable moments in the past year of the US-China trade war, along with Trump's tweet.
If you missed the morning briefing from the desk click HERE