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China reportedly may restrict visas for US visitors with anti-China links

Reuters reports

The report cites people with knowledge of the proposed curbs, saying that China is planning tighter visa restrictions for US nationals with ties to anti-China groups.
The proposed move is said to be in the works “for months” already but you can’t help but think that the timing of this leak is a bit ‘convenient’ after US actions this week.
The dollar has inched lower over the past few minutes with cable recovering from 1.2200 to 1.2235 while EUR/USD is up to session highs of 1.0983 currently.
I don’t see this report as being a significant game changer ahead of trade talks but perhaps it is leading to some jitters among weak hands in what has been a quiet session so far.

Hong Kong leader Lam says cannot say under what circumstances she’d call on China central government

Hong Kong leader Carrie Lam comments from press conference.

  • says there is no bottom line for protesters’ violent acts
  • says amount of visitors during ‘golden week’ fell by 50%
  • appeals to developers and landlords to offer relief to retailers
  • says aims for fair district elections, although current atmosphere is complex
  • says an objective of the anti-mask law is to let youth know not to participate in these political actions
  • she has no plans to use the emergency regulation ordnance for introduction of other laws
  • it is still too early to say if the anti-mask law is ineffective
  • using the emergency powers was a very difficult decision
  • anti-mask law still valid and effective at this time
  • upcoming policy address will not be the “usual comprehensive” address
  • says there is widespread support for the anti-mask law
  • says no foreign government should think these are peaceful protests
  • says believes Q3 economic figures will surely be very bad
  • she did not meet any central govt officials to talk about business while in Beijing for national day holiday
  • says she still feels HK should find solutions on its own, and central govt holds same view
  •  says cannot say under what circumstances Hong Kong would call on central govt

The HKD is on the weak side, but not threatening the band as yet:

Hong Kong leader Carrie Lam comments from press conference. 

US-North Korea nuclear talks break down: Pyongyang envoy

Nuclear talks between North Korea and the U.S. in Stockholm have ended less than 24 hours after they began, Pyongyang’s lead negotiator said Saturday, a claim that was quickly disputed by Washington.

The working-level negotiations “have not fulfilled our expectation and finally broke off,” said Kim Myong Gil as reported by Reuters.

“The U.S. raised expectations by offering suggestions like a flexible approach,” Kim said. “But they have disappointed us greatly and dampened our enthusiasm for negotiation by bringing nothing to the negotiating table.”

The U.S. struck a more positive note, with the State Department saying the North Korean delegation’s comments “do not reflect the content or the spirit of today’s 8 1/2 hour discussion.”

“The U.S. brought creative ideas and had good discussions” with its North Korean counterparts, the state department said in a statement after Kim spoke. The U.S. delegation accepted an invitation by Sweden “to return to Stockholm to meet again in two weeks.”

Delegations from the two countries had convened on the outskirts of the Swedish capital to address North Korea’s denuclearization. The U.S. negotiating team is led by Stephen Biegun, special representative for North Korea. This marked the first direct talks since U.S. President Donald Trump and North Korean leader Kim Jong Un met at the Demilitarized Zone between North and South Korea in late June. (more…)

China’s Global Times says China will not interfere in the internal affairs of the US

Via China’s very popular Global Times:

  • US President Trump and Democrats are engaged in a fierce political fight over Trump’s soliciting other nations to investigate Joe Biden.
  • “China will not interfere in the internal affairs of the US, and we trust that the American people will be able to sort out their own problems,” China’s Foreign Minister Wang Yi said.
Via China's very popular Global Times:

Report North Korea appears to have launched another missile

Japan Coast Guard

North Korean missile launches have been a regular occurenceoccurrence ever since Trump arranged the deal to have them stopped. Go figure.
Was a time when launches were a yen positive, but little response to the repeated launches seem to have become a feature.

Japan chief cabinet secretary Suga:

  • North Korean missile landed in EEZ
  • Off Shimane prefecture
Japan chief cabinet secretary Suga:
EEZ is Japan’s Exclusive Economic Zone
More on the launch:
  • North Korea launched unidentified projectiles on Wednesday morning (local)
  • from North of Wonsan, Kangwon Province
  • towards the Sea of Japan (AKA the East Sea)

UK PM Johnson speech extracts – wants to get Brexit done and ‘move on’

BJ is giving a speech Wednesday UK time to the Conservatives’ annual conference
  • says UK will leave on October 31 with or without a deal
  • will say his offer is his final Brexit offer to the European Union
  • if not acceptable to the EU the UK will not negotiate further
  • says his plan is a  “fair and reasonable compromise”.
“Let’s get Brexit done on October 31 so in 2020 our country can move on.”
Note:
  • UK parliament has passed a law that requires the PM to request a Brexit delay if he fails to secure an acceptable deal at an EU summit on October 17.
  • The EU wants “legal and operational” proposals for the changes Johnson wants to a deal his predecessor Theresa May negotiated with the bloc last year

Saudi Arabia’s head says attacks on oil facilities were an act of war by Iran

Saudi Arabia’s Crown prince in an interview on US TV

  • Said oil prices could spike to “unimaginably high numbers” if the world does not come together to deter Iran
  • said he would prefer a political solution to a military one
  • agreed with U.S. Secretary of State Mike Pompeo that the attacks were an act of war by Iran
  • a war between Saudi Arabia and Iran would collapse the global economy
US Sunday evening futures trade in oil is open, a little higher to begin the week.
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