- The United States and China can not sign an interim agreement at the APEC summit
- The UK Parliament has approved the decision to hold early elections
- Inflationary pressures remained subdued in Australia
Major Asian indices are trading mostly in the red zone against the backdrop Reuters reported that China and the United States can not sign the interim foreign trade agreement at the APEC summit in Chile in mid-November. In this case, news reports said that the two sides have made substantial progress in the harmonization of the main points of the contract, but to prepare all the documents you may need more time.
On Tuesday, the British Parliament majority supported the initiative of Boris Johnson to hold early elections. Perhaps this is the last attempt for British politicians to get out of the current impasse, but, as noted by many experts, this option carries significant risks for the Conservative Party, and for the Labor Party. According to the latest polls the Conservatives on 10% ahead of their opponents, and can obtain the necessary majority for the implementation of a coherent EU Brexit scenario. But five weeks voter opinion can change.
In Australia, data on the consumer price index for the third quarter have been published today. Actual figures coincide with the projections of experts, the annual rate of 1.7%, 0.5% quarterly growth. Inflationary pressures in the country remains constrained, that is a high probability of further easing of monetary policy by the Reserve Bank. But in general, the report does not indicate the need to reduce interest rates at the next meeting of the RBA, which will be held next week.
News, which you should pay attention today:
8:55 GMT. Germany: report on the labor market
12:15 GMT. US: change in the number of people employed in non-farm payrolls from ADP
12:30 GMT. US preliminary GDP data for the third quarter
14:00 GMT. Canada: results of the Bank of Canada meeting
14:30 GMT. US Weekly in the US report on oil stocks
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