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RT @WSJ: Yemeni rebels warn that Iran is preparing a follow-up strike to the attack that crippled the Saudi oil industry, people familiar w… (11hrs ) like | retweet
RT @Scotiabankfx: .CFTC data showed a renewed bullish impulse for the USD. The aggregate $USD long position, with virtually all of the s… (1days 10hrs ) like | retweet
RT @CNBCnow: BREAKING: Pentagon will deploy US forces to the Middle East on the heels of the Iranian attack on Saudi Arabian oil facilities… (1days 11hrs ) like | retweet
RT @MehreenKhn: UK's 3 non-papers (which have not been shared with MS's) are one page long each, officials have been told. After hearing Br… (1days 13hrs ) like | retweet
Fitch Affirms Denmark at 'AAA', Outlook Stable https://t.co/DKhYjJc2v2 (1days 14hrs ) like | retweet
DBRS Confirms Kingdom Of Spain At A, Trend Changed To Positive https://t.co/egbT8keMWY (1days 14hrs ) like | retweet
S&P Revises Spain To A/Stable From A-/Positive (1days 14hrs ) like | retweet
Trump Repeatedly Pressed Ukraine President To Investigate Biden’s Son – WSJ https://t.co/ptKDqb8Jxf (1days 14hrs ) like | retweet
RT @dev_peter: $USDJPY #TradeWar | FBN reporting Chinese delegation cancellation of Montana farms trip was reaction to Trump’s comments wou… (1days 16hrs ) like | retweet
Fed’s Kaplan: Hopeful Fed's Rate Cut Will Help Deliver A More Normally Shaped Yield Curve (1days 16hrs ) like | retweet
today’s featured stories
Chinese Trade Negotiators Cancel US Farm Visit, Cut Trip Short
Chinese trade negotiators had a sudden change of plans Friday, canceling a visit to meet U.S. farmers in Montana after they wrapped up trade talks in Washington this week. The Chinese delegation has changed its travel schedule and is headed back to China earlier than planned, according to Nicole...
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Chinese trade negotiators had a sudden change of plans Friday, canceling a visit to meet U.S. farmers in Montana after they wrapped up trade talks in Washington this week.

 

The Chinese delegation has changed its travel schedule and is headed back to China earlier than planned, according to Nicole Rolf, the Montana Farm Bureau Federation’s director of national affairs. There was no explanation as to why they were cutting their trip short, Rolf said.

 

Nebraska department of agriculture also said the Chinese officials called off a visit to farms in Nebraska. (CNBC – Continue Reading)

US-China Trade Talks Head Into A Second Day In Washington
US and Chinese officials are meeting in Washington for a second day to prepare trade negotiations next month in the trade war that has cast a shadow on growth. But expectations have remained modest, with both sides indicating there is little too maneuver on the key sticking points over Beijing's...
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US and Chinese officials are meeting in Washington for a second day to prepare trade negotiations next month in the trade war that has cast a shadow on growth.

 

But expectations have remained modest, with both sides indicating there is little too maneuver on the key sticking points over Beijing's industrial and technology policies.

 

U.S. Commerce Secretary Wilbur Ross told the Fox Business Network on Thursday, that it remained unclear what China wanted and that "we will find out very, very shortly in the next couple of weeks." (Fox Business - Continue Reading)

Irish Foreign Min: Brexit Deal Is Not Yet Close But 'Mood Music' Has Improved
Britain and the European Union are not yet close to a Brexit deal that could resolve the Irish border riddle and London needs to come up with serious proposals, Ireland said on Friday. Irish Foreign Minister Simon Coveney was speaking after hopes of a resolution to the tortuous three-year Brexit...
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Britain and the European Union are not yet close to a Brexit deal that could resolve the Irish border riddle and London needs to come up with serious proposals, Ireland said on Friday.

 

Irish Foreign Minister Simon Coveney was speaking after hopes of a resolution to the tortuous three-year Brexit process were raised in recent days. Sterling shot up to a 2-month high on Thursday when European Commission President Jean-Claude Juncker said a deal was possible.

 

Coveney repeated Juncker’s sentiment but cautioned that the gap was still wide and he underscored the risks of a disorderly Brexit - civil unrest on the island of Ireland and a dislocation of trade. (Reuters - Continue Reading)

Funding Markets Are Unhappy And Things May Be About To Get Worse
Buckle up: the dollar-funding squeeze could get worse with the end of the quarter approaching. In 10 days, banks will cut back on providing liquidity to close books and meet regulatory requirements. And next week, there’s another round of Treasury auctions that could leave markets net...
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Buckle up: the dollar-funding squeeze could get worse with the end of the quarter approaching.

 

In 10 days, banks will cut back on providing liquidity to close books and meet regulatory requirements. And next week, there’s another round of Treasury auctions that could leave markets net short of another $45 billion in cash.

 

That’s why stress is showing up in bill sales and currency markets even after the Federal Reserve conducted three overnight repurchase operations, with a fourth to come on Friday, to ease a liquidity shortage. (Bloomberg - Continue Reading)

Fed Will Weigh Resuming Balance Sheet Growth At October Meeting
A sudden spike in overnight lending rates this week is forcing the Federal Reserve to consider growing its holdings of Treasury securities for the first time in five years, putting a decision on the agenda for its meeting next month. Fed Chairman Jerome Powell said Wednesday the central bank...
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A sudden spike in overnight lending rates this week is forcing the Federal Reserve to consider growing its holdings of Treasury securities for the first time in five years, putting a decision on the agenda for its meeting next month.

 

Fed Chairman Jerome Powell said Wednesday the central bank would be studying whether to increase its holdings, sometimes referred to as its balance sheet, carefully before approving any action at its Oct. 29-30 meeting.

 

“It is certainly possible that we will need to resume the organic growth of the balance sheet earlier than we thought,” he said at a news conference. “We’ll be looking at this carefully in coming days and taking it up at the next meeting.” (WSJ - Continue Reading)

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