FAST FIVE: US Futures Rally As Trade Deal, Brexit Optimism Return Despite Prevailing Chaos

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MSCI's broadest index of Asia-Pacific shares ex-Japan rose 0.3%, with Chinese shares gaining 0.3%.

Sterling had by Friday risen by up to 6.5% in seven trading days to a five-month high, as a furious short squeeze underscored market expectations that either a deal or delay was most likely.

Eur/Nok has retreated from new record highs around 10.2440 to sub-10.1900 and Eur/Sek has pulled back further from peaks over 10.9300 to just under 10.7300 at one stage.

Finally, Friday will see the release of the University of Michigan's final consumer sentiment index for October, along with the current conditions and expectations readings.

Reviewing last week now, the “positive” Brexit news dominated attention last week, helping most global equities to rally.

Categories: ZH