(Bloomberg) – Futures on US stock indices fell and the yuan slipped on Monday after it was reported that China may be increasingly reluctant to agree to a comprehensive trade agreement with the Trump administration. European equities fluctuated and government bonds came in higher.
The markets in Hong Kong were also closed for a public holiday, leaving traders with limited ability to respond to escalating violence in the city, where demonstrators were setting fire, and vandalism stations and banks on the weekend. The pound weakened as European leaders expressed doubts about the achievement of a Brexit agreement on 31 October.
Investors' focus will once again be on foreign trade this week, with protectionism as the main obstacle to global growth in China Vice Premier Liu He is traveling to Washington with a group of officials to continue discussions with their US counterparts. As traders do not lose their bets on further Federal Reserve rate cuts, they will look for more guidance on when and how US Federal Reserve Banks could support the US economy by reading the minutes due this week after the last Fed meeting are.  In other countries, West Texas oil price rose again after the largest weekly decline since July. Bitcoin fell below $ 8,000, the lowest since June.
Some Key Events This Week:
Chinese Vice Premier Liu Er visits Washington for trade talks with his US counterparts. Fed Chairman Jerome Powell speaks Tuesday on the final day of the NABE annual conference in Denver; The following day, a minutes will be published on the last meeting of the Fed Interest Rate Committee. Chinese President Xi Jinping and Indian Prime Minister Narendra Modi meet at an unofficial summit. publishes September inflation data.
Here are the main movements of the markets:
The Stoxx Europe 600 Index has barely changed at 9:27 London time. The S & P 500 index fell 0.5%. The MSCI Asia Pacific Index was little changed.
The Bloomberg Dollar Spot Index rose 0.2%. The pound fell 0.1% to 89.187 pence against the euro. The single currency edged 0.1% to $ 1.0965, up 0.1% to $ 106.84 per dollar. The offshore yuan lost 0.3% to 7.1326 per dollar.
10-year government bond yields fell two basis points to 1.51%. Ireland's 10-year yield fell by one basis point Germany's 10-year yield fell two basis points to -0.60%.
West Texas Intermediate crude rose 0.6% to $ 53.11 a barrel. Aluminum fell 0.2% to $ 1,716 per ton of copper, up 0.4% to $ 5,663 per ton.
– With support from David Wilson.
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