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Daily News - US-China Trade Negotiates Progress

1. Donald Trump praised the outcome of the first day of negotiations with China

2. UK and EU try to break Brexit negotiations deadlock

All major global indices are traded in the green zone against the backdrop of Donald Trump's comments on very successful negotiations with China. Contrary to media reports, the Chinese side did not narrow the list of issues discussed, which allowed the parties to significantly advance in solving the most acute problems. The White House confirmed that the first day of the negotiations exceeded their expectations. Such comments increase the likelihood of a currency agreement between the countries in the near future. Investors also hope to abolish US duties, which are scheduled for next week and December. It is expected that today Donald Trump will again meet with Chinese Deputy Prime Minister Liu He, after which the parties will continue negotiations.

GBP / USD continues to hold at 6-week highs amid positive Brexit news. Following talks on Thursday, Boris Johnson and Leo Varadkar said the parties could sign a new Brexit agreement before the end of this month. Varadkar noted that together with a British colleague, they developed an action plan to solve the problem of the Irish border. According to Sky News, the UK has proposed a simplified free trade agreement. Today, a meeting is expected between British Minister for Brexit Stephen Barkley and EU Chief Negotiator Michel Barnier.


News worth paying attention to today:

12:30 GMT. Canada: Labor Market Report



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