The French finance minister pointed out that EU should take a stand towards the Brexit, noting that it can not wait indefinitely until UK makes a decision to leave the European Union while continuing to postpone unnecessarily and a strong cause other than disagreement in domestic political trends.
Dollar recovers as treasury yields rises
The US dollar recovered from its lows and managed to reduce its several-day losing streak as Treasury yields rose. The US dollar index, which measures the value of the currency against six major currencies from a low of 96.50, has now traded near 97.00, and if it continues to rise it is expected to face resistance at 97.35. This comes at a time when markets are waiting for data on durable goods orders on Friday, hoping to show some improvement with the continued disappointing data in the control of the US economy recently.v
China disposed 1.4 trillion yuan of bad loans in 9 months
Huang Hong, vice-chairman of China's Banking and Insurance Regulatory Commission, said the country's banking sector dumped 1.4 trillion yuan ($ 197.97 billion) in bad loans from January to September.
Unpaid loans to small businesses by China's top five lenders reached 2.52 trillion yuan at the end of September, up 47.9% from the figure at the end of 2018, said Zhu Shumin, another vice chairman of the China Banking and Insurance Regulatory Commission.