Good Morning Community:

see now the Headlines-International of today.


U.S. stocks started the week on a sour note, with tech shares tumbling. The dollar rose, and the pound slid as the U.K.’s premier fought to save her Brexit divorce plan. Oil gave up early gains.The dollar rallied versus most of its major peers. Crude oil had advanced early as OPEC and its allies started laying the groundwork to cut supply in 2019, but those gains evaporated, with U.S. President Donald Trump tweeting, “Hopefully, Saudi Arabia and OPEC will not be cutting oil production,” and saying prices should be “much lower based on supply!”The pound declined for a third day as pressure built on U.K. Prime Minister Theresa May to ditch her Brexit plan, while the euro slumped to its weakest level in more than 16 months ahead of more potential stress around Italy’s budget. Italian bonds fell as most euro-zone debt edged higher, while Treasuries didn’t trade because of a U.S. federal holiday.



Pressure is building on U.K. Prime Minister Theresa May to ditch her Brexit plan or face a catastrophic defeat in Parliament.Within her own party and other parliamentary supporters of her government – raising the prospect of defeat should it be voted on in Westminster. Another hurdle is the European Union’s insistence that the U.K. continues to adhere to the some of the bloc’s regulations, such as environmental rules, into which the country would have no input after the split. The pound dropped as the chances of a November summit to agree on a way forward with EU leaders rapidly fade.



The European Commission is ready to escalate its budget battle with Italy.For all their apprehensions, officials in Brussels are prepared to kick start a disciplinary process to tackle Italy’s unprecedented challenge to the European Union budget regime unless the government in Rome delivers a last minute U-turn.




China has tougher management of the yuan, dropping a phrase underlining the importance of market forces from a key policy report for the first time in five years.The People’s Bank of China cut its pledge to allow "market supply and demand to play a bigger role in deciding the exchange rate" from a section on future tasks in its third-quarter monetary report. The last time that phrase wasn’t used was in the fall of 2013. Policy makers will take steps to ensure the yuan is basically stable at reasonable and balanced levels.



Oil climbed the most in 2 1/2 weeks, halting an unprecedented decline, as Saudi Arabia pledged to curb output and urged allied crude producers to follow suit.Futures in New York gained as much as 1.8 percent after entering bear-market territory last week. OPEC Secretary General Mohammad Barkindo on Monday warned that an international supply glut on par with the 2014 surplus that crushed oil markets is imminent. The 500,000-barrel-a-day production cut promised by the Saudis probably is only about half the curtailment required to forestall a glut, according to the kingdom.






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