Global stock markets remain under pressure. Futures on US indices are traded in the red as well as European markets. On Friday, US stock exchanges experienced another day of strong sales; in the course of trading, US indices lost 2.2–3.1%. The reason for sales again emanated from the Chinese - American trade opposition. New US threats on increasing import duties on Chinese goods at the end of the 90-day period brought back uncertainty. Today in Asia, most stock indices closed negatively.
On FOREX, the US dollar is trading somewhat mixed. The weakening of the dollar can not pick up the pace, as US dollar index can not overcome the support of 96.95. This week the attention of the markets will be forwarded upon UK.
Today, EU court confirmed the UK’s right to withdraw the Brexit notice unilaterally, without the consent of other EU members, which further increases the uncertainty. According to the statements of the EU court, the right to withdraw the notice from the UK remains until the agreement on the withdrawal of the United Kingdom from the EU has entered into force.
London published a large block of statistics according to which the country's GDP remained at 1.5%, while experts expected to see a 1.6% growth. The volume of industrial production after zero dynamics in September, in October, decreased by 0.6%, while expectations of growth by 0.4%. The volume of production in the processing industry in October also decreased, -0.9%, with the forecast of 0.0% and last month's figure at 0.2%. The balance of trade in the UK also turned out to be worse than experts predicted.