The bond market will remain closed due to national holiday in observance of Columbus Day. But with the stock market open, the beginning of the new week will remain interesting. Especially when Trump is making headlines by creating a dispute with China regarding tariffs. There are suggestions that he may ease off on tariffs but for now, the countdown is starting once again from November 1.
US futures are at higher levels, providing some signs that the two sides may eventually reach a reconciliation before things escalate further. Moreover, it will also be a long weekend in Canada. Therefore, North America trading will have a quiet agenda to start the new week. This does not mean that the European session later will be much better as we are once again deprived of any major economic releases.
