Here is what you need to know on Monday, September 23:
- The market mood is mixed amid conflicting accounts about US-Sino trade talks, with some officials describing it as "constructive" while others seeing it as "fragile." President Donald Trump has clarified that he wants to achieve the full deal rather than the interim one.
- Oil prices are on the rise as doubts were cast about Saudi Arabia's ability to restore production after the September 14 drone attack. Iran and the US have exchanged harsh rhetoric but both sides are unlikely to strive for a full war.
- Brexit: UK prime minister Boris Johnson has remained optimistic about reaching a deal. He will meet some of his European colleagues at the UN General Assembly in New York. The UK Supreme Court will indicate when it will make its ruling about the suspension of parliament later today.
- German, French, and euro-zone preliminary Purchasing Managers' Indexes (PMIs) for September will shed some light on the current economic situation. Germany's manufacturing PMI – which has been reflecting a recession for a long time – is the critical figure. Mario Draghi, president of the European Central Bank, will testify before the European parliament.
- Cryptocurrencies are relatively stable amid the launch of Bakkt – an exchange offering futures on Bitcoin.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.