Market Pulse - Currencies
US foreign trade deficit continues to widen in September
America's shortfall in trade with the rest of the world widened in August as import growth outpaced sales overseas.
US non-farm payrolls rose by 136,000 in September
US non-farm payrolls rose more or less as expected last month while the unemployment rate fell to its lowest level in half a century.
Bonds: US services PMI pushes traders to price-in further Fed rate cuts
These were the movements in some of the most closely-followed 10-year sovereign debt yields:.
ECB De Guindos calls for fiscal policy to be given a greater role
A top European Central Bank official called for fiscal policy to be assigned a greater role in the single currency bloc's policy mix and for the creation of a European fiscal policy capacity.
Trump lashes out at Democrats over impeachment inquiry
US President Donald Trump lashed out at congressional Democrats for wasting Americans' time with "BULL****" over the new impeachment inquiry filed against him.
Germany may have fallen into recession in September, services PMIs show
Activity in the euro area's services sector cooled more quickly than expected last month, to its slowest pace year-to-date, amid weakening export trade and with companies running down their order backlogs, to the point that economic growth overall may have ground to a halt and with Germany entering a recession, the results of closely-followed surveys found.
Johnson proposes FTA with EU and alternative to Irish Backstop
The government's proposals to Brussels for a Free Trade Agreement and the creation of a single regulatory area on the island of Ireland as an alternative to the Irish Backstop were unlikely to 'cut the mustard', analysts said.
London close: Stocks pummeled by global growth concerns
London stocks suffered very sharp declines on Wednesday amid ongoing worries about a global slowdown, even as investors digested Prime Minister Boris Johnson's proposal to Brussels for a free trade area and as regards the Irish border, which analysts said were not likely to fly with the European Union as they would give Northern Ireland a competitive advantage over the bloc.
WTO rules in favour of US to impose $7.5bn on tariffs on EU over Airbus spat
The WTO ruled on the value of trade countermeasures that the United States can impose on European goods to counterbalance the unfair subsidies granted to Airbus and authorised nearly $7. 5bn worth of annual punitive measures against the EU.
North Korea launches ballistic missile after confirming new US talks
North Korea has fired a ballistic missile from a submarine or underwater launch platform just a day after confirming it would resume nuclear talks with the United States, according to South Korean military officials.
Johnson calls on EU to compromise as he rallies party faithful to 'get Brexit done'
Boris Johnson has used his speech to the Conservative Party conference to insist the UK will quit the European Union at the end of October, with or without a deal.
Possible diplomatic breakthrough as Ukraine contact group adopts 'Steinmeier formula'
Ukraine reportedly agreed overnight to adopt the so-called 'Steinmeier formula', in effect allowing elections in the breakaway region of Donbass and to grant it a special administrative status, possibly paving the way for the resumption of peace talks between Kiev and Moscow.
UK construction sector continues to falter as no-deal Brexit looms
The downturn in the UK's construction sector worsened in September, a survey showed on Wednesday, as Brexit uncertainty and the weak economic outlook saw clients delay investment decisions.
Bonds: Traders whipsawed by weak JGB auction and US factory ISM
These were the movements in some of the most widely-followed 10-year sovereign debt yields:.
WTO cuts forecasts for global trade as tensions mount
The World Trade Organization has lowered its growth forecasts for global trade, blaming the slowing economy and ongoing tensions between the US and China.
US-EU tariffs could cause 'snowball effect' and lead to greater unceirtainty
Trade tariffs between the EU and the US could trigger a “snowball effect” that would soon take the world into “very precarious waters”, said the head of the UN agency for workers and employers.