The US dollar began to recover against a basket of major currencies. The dollar index (#DX) closed yesterday's trading session in the positive zone (+0.17%). On Friday, it became known that the US and China signed the interim trade agreement. US Secretary of the Treasury, Steven Mnuchin, said that Washington would not raise tariffs from 25% to 30% on Chinese exports $250 billion worth. Beijing, in turn, promised to increase the purchases of US agricultural products.

The interim agreement prepares the ground for more serious negotiations between the US President Donald Trump and Chinese President Xi Jinping, which will be held at the APEC summit in Chile (November 16-17). After the summit, the interim agreement will be signed down to the ground. However, yesterday, it became known that China intended to hold additional negotiations at the end of October to discuss the details of the "first" deal before final approval.

EU leaders told British Prime Minister, Boris Johnson, that a deal on Brexit could not be concluded before the EU summit since there was not enough time. Meanwhile, last week, European Council President Donald Tusk said that an agreement on Brexit was still possible. Also recently, the EU Brexit coordinator, Michel Barnier, met with Brexit Secretary, Stephen Barclay, to discuss the prospects for a possible Brexit agreement. Both officials noted that the meeting was "constructive."

The "black gold" prices are declining. Currently, futures for the WTI crude oil are testing the $52.50 mark per barrel.

Market Indicators

Yesterday, there was the bearish sentiment in the US stock markets: #SPY (-0.11%), #DIA (-0.11%), #QQQ (-0.01%).

The 10-year US government bonds yield increased significantly. At the moment, the indicator is at the level of 1.68-1.69%.

• - Data on the labor market in the UK at 11:30 (GMT+3:00);
• - German ZEW economic sentiment index at 12:00 (GMT+3:00).

We also recommend paying attention to the speech by the FOMC representatives.