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Boris Johnson’s spokesman: UK is at critical point to confront second wave

Comments from James Slack:

  • Will work as hard as we can this week to see if we can get an agreement on Brexit
  • PM has been clear with European leaders that time is running out
Later today, Johnson will reveal a three-tiered system of openings and closings due to the virus.
Brexit talks aren’t going to reach a conclusion on Oct 15 but will almost certainly be extended.

Japan Core Machinery Orders for August +0.2% m/m (expected -1.0%)

The data point is used as a capex indicator for Japan in the months ahead

Core Machinery Orders for August +0.2% m/m

  • expected -1.0%, prior 6.3% m/m

-15.2% y/y

  • expected -15.6%, prior -16.2% y/y
Bank lending for September out at the same time.
  • +6.4% y/y inclusive of trusts lending (vs. +6.7% prior)
  • +6.2% y/y exclusive of trusts lending (vs. +6.6% prior)

The EU is targeting big tech companies with new rules to address market power

The Financial Times reports on a European ‘hit list’ of up to 20 large tech fimrs.

Including the usual suspects 9Facebook etc).
Targeting the firms with stricter rules to address their market dominance and hence market power.
Financial Times link is here (may be gated)
Watch out for this to act as a negative once equity trade (futures) reopen for the week soon.