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Risk On In A Risky World
Global equities came into the new week looking for gains as risk appetite was buoyant at month-end and the pound rallied, with the Brexit mood pendulum swinging back to optimism.
European shares were poised for their biggest gain in weeks. "Sterling has presumably been pushed higher after London traders had a chance to chew on various reports over the weekend suggesting that following this week's Brexit negotiation round, there is the possibility of going into a 'tunnel' until the October 15-16
Not unexpected would be emissaries from Russia selling arms, to replace the exhausted stocks of the aggrieved parties. Let’s hope any Russian mediation efforts are instead toward the peace and well being of these long suffering peoples.