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Recap October 13: Partial Trade Deal – Companies Abandon Libra (Recap Ep040)

In the recap of this week, we found that U.S. stock futures rose higher on Friday, ahead of the 2nd day of trade talks between China & the U.S. with major indices up near 1%. Investors are now counting on at least a partial deal, between the world’s two largest economies. Trade has dominated markets once again this week, with stocks rising & falling with the headlines.

President Trump has vowed to block the U.S. House of Representatives’ impeachment inquiry. Democratic congressional leaders on Thursday were plotting the next moves in their probe of the President’s dealings with Ukraine, as the political stalemate escalates with electoral primaries just a few months away

Turkey launched a military operation against Kurdish fighters in northeast Syria on Wednesday, with airstrikes hitting the border town of Ras al-Ain. Turkey has been poised to advance into Syria since U.S. troops began vacating the area in an abrupt policy shift by U.S. President Trump, which has been widely criticized as a betrayal of America’s Kurdish militia allies.

Global stocks rally sputtered in Europe; Singapore is first in the WEF competitiveness report; Possible pathway for a Brexit deal; Oil price rose due to the attack on the Iranian oil tanker; the U.S. Wants to Help Huawei’s European Rivals.

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