THE DAILY REPORT
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RISK EVENTS (AEDT)
GBP Average Earnings at 8:30pm
Major Bloomberg & Reuters News
Wall Street tumbles, S&P falls as much as 2 percent
wall street’s major indexes fell on Monday, with the s&p 500 sliding 2 percent, weighed by technology and financial stocks as shares of apple and Goldman sachs group inc came under pressure. with Monday's losses, all three indexes erased the gains from their brief rally after the u.s. congressional elections on Nov. 6.
Trump Blasts Saudi Arabia for Plan to Reduce Oil Production
President Donald Trump criticized Saudi Arabia’s announced plan to cut oil production on Monday, as tensions rose between the U.S. and its long-time Middle East ally.
“Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!” Trump said in a tweet.
Brexit talks are nearing their endgame, May says
May described the negotiations as immensely difficult and said there would not be an agreement at any cost. Her compromise plan, which seeks to maintain close trade ties with the EU in the future, faces opposition from Brexiteers, pro-Europeans, the Northern Irish party that props up her government, and even some of her own ministers.
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