Canadian eco data disappointed. Inflation accelerated less than anticipated
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European equities maintain only marginal gains as the US budget vote failed to trigger a protracted risk-on rally. US equities open with modest gains between 0.2% and 0.4%, the Nasdaq outperforming.
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UK prime minister Theresa May has left a two-day EU summit in Brussels facing demands that she must make a "firm and concrete commitment" to increase Britain's Brexit "divorce" payment before talks can move on to a future trade deal.
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The eurozone current account surplus with the rest of the world rose in August to its highest level since May last year (€33.3 bn). The increase was driven by a jump in the surplus for services from €2.6bn in July to €7.2bn in August, and a smaller deficit in secondary income, which fell to €12.4bn from €14.8bn the previous month.
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US President Trump signalled optimism for the passage of Republicans' sweeping tax cut plan, saying a key senator who rejected the party's budget blueprint a day earlier would back the proposed tax measure when it comes up for a vote.
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The Spanish government has secured opposition support to dissolve Catalonia's parliament and hold new elections there in January in an effort to defuse the regional government's push for independence.
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Jacob Zuma sacked the head of the Communist party from his cabinet in a reshuffle critics said was carried out to purge dissenters and consolidate his power weeks before the ruling African National Congress votes on his replacement.
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Canadian eco data disappointed. Inflation accelerated less than anticipated (1.6% Y/Y from 1.4% Y/Y) in September and August retail sales unexpectedly declined by 0.3% M/M. The loonie lost ground with USD/CAD rising above 1.2550 ahead of next week's BoC meeting.
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