Market focus is largely attuned to trade developments, with the U.S. and China expected to hold high-level talks over the coming weeks.
Market focus is largely attuned to global trade developments after deputy trade negotiators from the U.S. and China resumed face-to-face talks for the first time in almost two months.Thursday that known China hawk and Trump advisor Michael Pillsbury warned the U.S. is ready to escalate the trade war if a deal isn't struck soon, citing an interview in Hong Kong.
Meanwhile, Hu Xijin — editor-in-chief of Chinese state media Global Times — tweeted overnight that China is "not as anxious to reach a deal as the U.S. side thought."come as the U.S. and China are expected to hold high-level trade negotiations over the coming weeks. Washington and Beijing have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment.On the data front, a flash reading of euro zone consumer confidence for September will be released at around 3:00 p.m. London time.
In the U.K., investors are likely to closely monitor an expected ruling from the Supreme Court. A decision could come as soon as Friday, with market participants eager to understand the potential ramifications forThe Supreme Court's 11 judges, or justices, have been tasked on ruling whether government acted lawfully in suspending parliament following a legal challenge brought by opposition lawmakers.
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