THE DAILY REPORT
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AUD ANZ Inflation gauge and RBA statement
UK UK conservative party annual conference
Major Bloomberg & Reuters News
Oil Surges to Highest Since 2014 as Global Supply Concerns Mount
Oil jumped to the highest level in nearly four years as a slowdown in American drilling added to concern over supply losses from Iran and Venezuela.
Crude futures gained 2.8 percent in New York on Monday. As U.S. sanctions dissuaded importers from purchasing Iranian oil, President Donald Trump and King Salman bin Abdulaziz of Saudi Arabia discussed efforts to maintain supplies. Meanwhile, the number of rigs drilling for American crude dropped for a second week, signalling a potential slowdown in output growth.
Trump hails Canada, Mexico trade pact as win for U.S. workers
WASHINGTON (Reuters) - President Donald Trump on Monday touted a new trade deal with Canada and Mexico as a win for U.S. workers while investors breathed a sigh of relief that the key pillars of NAFTA had survived his hardball strategy to reshape global commerce.
Washington and Ottawa reached an agreement on Sunday after weeks of tense bilateral talks to update the 1994 North American Free Trade Agreement. The United States had forged a separate trade deal with Mexico, the third member of NAFTA, in August.
(Times In AEST)
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