European Commission says willing to intensify Brexit talks with the UK 0 (0)

The EU confirms what we already know from yesterday
Well, instead of the usual posturing, the situation is a bit delicate now so they are largely reiterating similar remarks from Gove yesterday . But we’ll see how things go in the coming days/weeks. It wouldn’t be surprising if we end up in a big loop again.

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OPEC+ could discuss oil output cuts going into 2021 but unlikely to make formal recommendations 0 (0)

Reuters reports, citing sources familiar with the matter
For some context, so the headline pertains to that. I wouldn’t doubt that they would leave the door open to extend cuts into next year, but any firm decision will only be made at next month’s meeting.

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EU’s Šefčovič: We are not going to sign a Brexit agreement at any cost 0 (0)

EU vice president of interinstitutional relations, Maroš Šefčovič, remarks
– We will focus on achieving a good agreement
– Ready to work until the last minute to get a good agreement for both sides
Some token remarks by Šefčovič, as the EU mainly wants to communicate that they are ready to head back to the negotiating table this week. But

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ECB’s Holzmann: No need yet for more easing amid virus crisis 0 (0)

Comments by ECB governing council member, Robert Holzmann
– But more easing may be necessary if crisis worsens
Holzmann is playing down any action ahead of the policy meeting on 29 October. This just mainly reaffirms their current wait-and-see approach, so carry on as you will.

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ForexLive Americas FX news wrap: US retail sales beat estimates 0 (0)

Forex news for North American trade on October 16, 2020:
Markets:
– Gold down $9 to $1899
– US 10-year yields up 1.3 bps to 0.745%
– S&P 500 flat at 3483
There were some big headlines on Brexit and US retail sales today but the market was lackluster. The retail sales report led to a quick bid in USD/JPY

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