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Market Recap – NBA and China, Fiscal spending from Europe

Wednesday, October 9, 2019 10:49 AM GMT

A day before the USA-China trade talk restart, the omen remains bleak. The USA put visa restrictions to Chinese officials involved in the treatment of Uighurs, the Chinese State TV (CCTV) and Tencent are set to suspend the broadcast and live streaming of NBA games, over the favorable comments made on the Hong Kong protests.

The ruling of the Scottish court, on the consequences that the Prime Minister Boris Johnson will have, at the event that he fails to ask for an extension on October 19, can be postponed for October 21. The court will also rule on whether the Judges can ask for an extension if the Prime Minister refuses to do so.

EU finance ministers are meeting today in Luxemburg to discuss on fiscal spending, a prospect that potentially favors long EUR positions. Recent German manufacturing upward revision for August, should not be regarded as a reason for Germany to abandon fiscal spending.

Meanwhile markets are punishing the Turkish Lira.

Macro releases: Today’s economic agenda includes the US crude oil inventories and the release of latest FOMC minutes of meeting.


The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Community and do not constitute an offer or invitation to anyone to invest or trade.

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