Amplify Trading Global Markets Review - 7th October 2019

Amplify Trading Global Markets Review - 7th October 2019

Today's Highlights

  • Scottish Court rejects legal bid to force UK PM to ask for a Brexit delay

  • Trump loses court fight to keep tax record secret

  • US pulls back troops in northeast Syria

Macro Review

Usual Monday subdued market activity ahead of a busy week on the data calendar and FOMC minutes on Wednesday. Geopolitics, remain in focus after China said overnight that they are not interested in achieving a broad deal with Trump. The headline comes in the context of last week's comments from US Trump that he doesn't need a deal with China before the 2020 elections. China's more hawkish comments add up to the mix of geopolitical uncertainty surrounding the faith of the UK in the EU. The recent update involves a positive news to the UK PM after a Scottish Court rejected a legal bid to force PM Johnson to ask for a delay Brexit if he has not struck a deal with the European Union in less than two weeks time, saying the PM' "unequivocal assurances" to seek an extensions are sufficient. The ruling development, however comes on the back of recent claims from the PM attorney that he would obey the law.

Looking over the Middle-East today Trump decision to pull out of Syria clears the way for a long-planned Turkish strike on Kurdish-led forces in North-East Asia (north of the Euphrates). The US decision represents a major policy shift in the Middle-East, has it practically involves the end of the US-Kurdish alliance against ISIS. 

________________ EU Close

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