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Message: <blockquote data-quote="Jaysen" data-source="post: 14288" data-attributes="member: 1">5. Hand-picked Commercial News ( by <a href="https://www.watsonsdaily.com/" target="_blank">Watson's Daily</a>)Latest Brexit developmentsUK and EU remain locked in race to broker Brexit deal (Financial Times, Jim Brundsen, Sam Fleming, Mehreen Khan, Michael Peel and George Parker) we see that both sides continue to negotiate against the clock to secure a Brexit deal, with EU chiefs warning that it won’t be possible unless BoJo gives more concessions. Mid-cap stocks surge amid hopes of Brexit breakthrough (Daily Telegraph, Louis Ashworth) shows that investors were getting all a-flutter about the prospect of a deal and sent the FTSE250 up by 1.34% as they invested in UK-centric sectors like retailers, landlords, high street lenders and restaurants. The pound also strengthened to a five-month high versus the euro and a four-month high versus the dollar. * SO WHAT? * It’s all noise and bluster at the moment, so we’ll just have to see what (if anything) is actually decided as there are still major hurdles to negotiate. Although the FTSE100 represents our biggest companies, many of them are heavily reliant on profits earned abroad so the FTSE250 is seen to be a more accurate measure of how the UK is doing.Fragile truce in the US-China Trade WarChina ‘keeps champagne on ice’ over fragile truce in US trade war (Daily Telegraph, Tom Rees) signals the rather more cautious tone from state-run newspaper China Daily over a partial trade deal between the two countries than Trump’s typically understated “greatest and biggest deal ever made for our great patriot farmers in the history of our country” assessment of the agreement reached last week.  US Treasury Secretary Steve Mnuchin was also less effusive about the deal and pointed out that tariffs on $156bn of Chinese imports would still come into force on December 15th unless this “phase one” deal was signed off. * SO WHAT? * The latest stats show that trade between the two countries has fallen by over 20% so far this year so clearly there is a lot to play for. Having said that, it sounds like there are still a lot of major issues to be addressed so I would agree with China’s assessment of the situation! Trump’s bombastic tweets are just a way of putting a bit of pressure on the proceedings. It ain’t a deal until it’s all signed off by presidents on both sides!PS: We've partnered with Watson's Daily! Each week, we'll be sharing with you their most relevant commercial stories to keep you updated on a broader range of topics. We hope you enjoy!</blockquote>

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