NAFTA negotiations between the USA and the Canada resumed on Wednesday following US-Mexico bilateral agreement on Monday are intensifying. Ahead of the Friday deadline, the two allies are looking for areas of commonality to renew the outdated, 24-year-old deal.
Brent oil is up 1.52 dollar a barrel ahead of a report indicating a fall in US crude inventories. Tighter supplies are also expected following US sanctions on Iran.
U.S. businesses warn Trump administration that new tariffs on $200 billion of Chinese imports will cause consumers to pay more. Trade tensions escalate as the trading rivals make little effort to settle the dispute.
The Trump administration announced overnight that fresh US sanctions are to be imposed on Moscow.
No-deal Brexit and lack of transition agreement hits the Sterling which dropped below $1.29 to a one-year low, on Wednesday.