U.S. West Texas Intermediate (WTI) crude futures were at $51.30 per barrel at 0023 GMT, down 15 cents, or 0.3 percent from their last settlement.
Government / Politics
UK, EU Agree Tentative Brexit Deal on Financial-Services: The Times
British and European negotiators have reached tentative agreement on all aspects of a future partnership on services, as well as the exchange of data, the British newspaper reported, citing government sources.
ECB’s Nowotny: We Expect Positive Economic Outlook To Continue But Risks Exist
ECB’s Nowotny: Asked About Latest GDP Figures, Has Not Seen Anything That Would Require An Adjustment Of Monetary Policy Outlook
U.S. Plans More China Tariffs If Trump-Xi Meeting Fails, Sources Say
The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war.
Rupee Slump to Push India to Seek Yuan Trade Settlement
The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs, the people said, asking not to be identified citing rules. The proposal would allow Indian exports of pharmaceuticals, oilseeds and sugar to China to be settled in rupee, while keeping out trade in high volume products such as electronics, they said.
Five Questions for the ECB
Growing concern about the impact of trade tensions on the economic outlook, another spike in Italian borrowing costs, fraught Brexit talks and volatility in world markets make for a colorful backdrop to Thursday’s European Central Bank meeting.
Narendra Modi Urges Oil Suppliers to Review Payment Terms to Give Rupee Relief – Gold Silver Reports
Indian Prime Minister Narendra Modi urged global oil suppliers on Monday to review payment terms in order to give relief to the country which is struggling with a weakening currency.