The Conservative Party won an absolute majority of seats in the British Parliament
The US and China are close to concluding a trade agreement.
The mood of the major manufacturers in Japan worsened
GBP / USD pair today soared by 2.4% and is trading near the mark of 1.35 (up to May 2018), on the reports of the victory of the Conservative Party in the elections in the UK. According to the latest reports the party Boris Johnson will get 326 seats in the parliament out of 650 possible. The victory of the Conservative Party, greatly reducing the political uncertainty in the UK. Having obtained an absolute majority in parliament, Boris Johnson may ratify reached earlier agreement with the EU Brexit and proceed to the next phase of negotiations.
World stock indices traded in the green zone in response to Donald Trump's tweet that the US and China are close to concluding a trade agreement. According to news sources, the agreements reached in the framework of the United States canceled the previously imposed trade restrictions and delay the imposition of duties, which were to be introduced on Sunday. China also cancel the previously entered trade restrictions and will commit to the procurement of agricultural products from the United States in 2020 in the amount of $ 50 billion. Even today, the US Trade Representative Robert Laythayzer and Chinese Ambassador Cui Tiankai may sign a draft trade agreement.
According to published reports Friday Tankan sentiment of large Japanese manufacturers in Q4 deteriorated against the backdrop of increasing the sales tax from 8.0% to 10.0%, and persistent high tensions in international trade. According to a survey conducted by the Bank of Japan sentiment index of large manufacturers fell to 0, while the experts expected a decline to 2 points. This is the lowest since the 1st quarter of 2013.
News, which you should pay attention today:
13:30 GMT. US report on retail sales for November
News → DAILY NEWS - US and China may sign a trade agreement before the presidential elections 2020