Major News in 90 seconds

  • The blame game continues ahead of tomorrow's big Brexit deal deadline as the UK and European Union have so far failed to reach a compromise. The bloc's chief negotiator, Michel Barnier, said the talks haven't sufficiently advanced for them to enter the intensive final phase, according to officials, while a spokesman for British Prime Minister Boris Johnson maintained the UK is "ready and willing" to leave the single market without a deal ..
  • Prospects for US fiscal stimulus before next month's election dimmed as House Speaker Nancy Pelosi demanded the White House revamp its latest offer and Senate Republican leader Mitch McConnell pushed a smaller-scale strategy that Pelosi quickly rejected. McConnell's proposal to vote next week on just one provision appeared to stoke opposition even from President Donald Trump, who tweeted "Go big or go home !!" The S&P 500 index fell for the first day in five on Tuesday, but futures in the US and Europe are pointing higher this morning.
  • Goldman Sachs Group Inc. and Bank of America Corp. are next up in US banking earnings after somewhat upbeat updates from JPMorgan Chase & Co. and Citigroup Inc. European Central Bank Chief Economist Philip Lane and Bank of England Chief Economist Andy Haldane are among speakers at various events, while in data we'll get euro area industrial production numbers.

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