U.S. stock markets are open for trade on Monday, but bond markets are closed in observance of Columbus Day.
Global Spotlight
Close Encounters on the South China Sea. The U.S. and Chinese navies narrowly escaped a collision near the disputed Spratly Islands this past week.
The INF Treaty Death Spiral? The United States is now threatening to develop its own weapons in violation of the Intermediate-Range Nuclear Forces Treaty (INF) if Russia does not come into compliance.
OPEC: I Need Somebody, Help! Not Just Anybody. Amid rumors of a Saudi-Russia deal to raise production, the White House is hoping this will do the trick to temper climbing oil prices.
What Next for America’s Iran Strategy. The White House took its hardlinestrategy against Tehran one step further this week, pulling out of a decades-old amity treaty with Iran and rejecting the jurisdiction of the International Court of Justice, which ruled that U.S. assurances on sanctions carveouts for humanitarian aid were not adequate.
A U.S.-Turkey Deal in the Offing? Leading up to an Oct. 12 court hearing on detained American pastor Andrew Brunson, signals point to a potential bargain over his release.
Brazil Goes to the Polls. The Oct. 7 Brazilian general election will likely result in a runoff on Oct. 28 between right-wing populist Jair Bolsonaro and left-leaning Fernando Haddad of the Workers’ Party.
Rome Against the World. The Italian government is hoping that markets will swallow its plan to raise the country’s deficit target to 2.4 percent of GDP next year, buying Rome’s promise to generate so much growth that it will be able to lower its deficit in 2020 and 2021.
‘Canada Plus-Plus-Plus’ for the United Kingdom? We’ll be watching for yet another proposal from the British government on how to keep the Irish border open while the EU is expected to offer a more ambitious trade, security and defense deal — dubbed Canada Plus-Plus-Plus by European Council President Donald Tusk.
Back to Pyongyang. At long last, U.S. Secretary of State Mike Pompeo is back in Pyongyang for a meeting with Kim Jong Un. We’re watching for whether the United States moves ahead on a peace declaration and offers some sanctions relief in return for movement on denuclearization.
Stratfor.com
Economic Calendar
Here isa a list of the U.S. economic events happening this week.
Briefing.com
Review Last weeks numbers here.
Earnings
Thomson Reuters I/B/E/S
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