 Okay, it is Friday the 12th of November I hope you are doing well and to kick things off going to go straight to the charts and have a look how things close on Wall Street last night Which was flat in the case of the S&P minor loss in the Dow down 0.44 percent and the Nasdaq was actually outperforming a Small amount by 0.5 percent, but that came after some severe underperformance that was seen in the prior day session Overall equity kind of trade was fairly tame Obviously the bond market was shut equities were open because it was US Veterans Day Yesterday so that did impede some of the price action of volumes accordingly From a currency perspective you can see here in the top left hand corner both euro dollar and cable Just coming off their lower bound levels that were printed during the Asia pack session as the dollar index just fades a little bit after Seeing an aggressive run-up on those inflation figures. We've seen globally Getting red hot throughout the week and so the dollars just backed off a little bit from that run-up To pair some of that moves to the Dixie this morning as pretty flat overall But just again coming off what was a higher move that was seen initially overnight in Asia elsewhere Gold oil just a little bit lower this morning and that generally is the theme So fairly quiet all in all before I get into some of the news Don't forget. We've got the latest kind of weekly wrap myself and the head of trading and co-founder of amplified peers current They're going to be chatting later on this morning and the episode will then go out accordingly The aim there is it's your one-stop shop for listening in on a really informal and hopefully Slightly funny and engaging chat about markets for the week So that you're always on top of things so if you're a student if there's one thing you're going to do That I can help in terms of improving your commercial knowledge is watch the Monday morning briefing That goes out on YouTube and then amplify me hub and then listen to the end of week podcast Then you're pretty much good to go then as far as getting prep for interviews and things like that And obviously if you're a trader, they're going to be equally hopefully as useful from that perspective But let's get straight into some news and it's a definite Geopolitical spin to the news that I'm going to cover. There's a little bit of Russian Ukraine Which involves a little bit of the EU and gas and we're still coming on the back of that gas crisis, of course We've talking about China is using Ping being the indefinite rule being signed off very much as expected But that's gone through but we're also going to talk about US-China relations And then you've got a little bit of Brexit thrown in just for good measure as well So starting off with the headline, I mean Talk about trying to generate a Sensational headline as possible Bloomberg You know doing a very good job of that this morning US warning Europe that Russia may plan Ukraine invasion And a lot of this has come as there's been some military particularly naval US military movement in the Black Sea at the moment which Russia of course are particularly unhappy about It must this actual headline comment comes where actually The US themselves haven't really officially briefed the EU and haven't actually shared in any information yet So it's definitely one of those. I think political posturing Trying to then just you know keep Your military involved some fairly Assertive commentary just so you're managing then dialogue between these these heads Of state and so forth at the moment Meanwhile while all of this is going on Angela Merkel and Vladimir Putin actually did speak yesterday And in a much more direct fashion Germany as I've said before have always been a little bit more passive than say the UK and particularly the US when it comes to Russia and the rationale there being that they're highly dependent on energy and specifically gas flows coming from Russia and So the the dialogue there is much more open in that sense and they spoke yesterday about Ukraine and Belarus The Russian leader criticised Ukraine's alleged use of combat drones in violation of Previous agreement now if you remember there was the annexation of Crimea The issues of Eastern Ukraine through 2013-14 peace agreement I think was 2015 that happened there and what's been happening is increased military personnel from Both sides on the Russian-Ukrainian borders at the moment Which is causing some of this latest friction and with addition then of the American military activity that's been seen in the Black Sea The news comes of course amid uncertainty over increased Russian gas Supplies to Europe remember Putin came in as the kind of white knight when we were in the midst of that energy crisis Several weeks ago and said you know what yeah, we'll pump some more gas will help you out, but obviously It's working in a slightly Mafia-esque style, you know, you're in the pocket then of Russia if you do indeed pull on that lever and Request more gas and then that orders fulfilled and so hence the reason why at the moment Putin's pushing for European regulators to approve The operation of the Nord Stream 2 gas pipeline which basically runs from Russia To Germany and hence the reason why Merkel is involved at the moment It's a project the US and Ukraine have opposed because of proposed security risks So this is where this all comes and this is why there's a Merkel-Putin dialogue, but there's a you US-Ukraine Kind of element to the mix as well at the moment. So Yeah, for sure. There's been a little bit of movement in the Russian ruble Perhaps keeping our gas prices as well for the time being as far as a broader market Concern equities Tino's FX outside of the ruble. It's not really a thing yet, but definitely worth monitoring otherwise just going to jump over to a couple of things in China first before I get to this headline. So China's reached a new historical starting point Essentially the top leaders in China's communist party have paved the way for Xi Jinping to rule indefinitely by signing the first historical resolution in about 40 years This is all very much as expected the context here is that there's been a plenum Happening throughout the week Monday through Thursday. So this is kind of the conclusion of those gatherings It's one of seven major meetings in China's five-year political cycle And regardless is the most important the meetings that have happened And it's one of the last chances for kind of horse trading before the party congress Which the communique said would be held in the second half of next year And hence the reason why these kind of political maneuvers have been happening But all of that pretty much is expected. So what does this then lead on to? Well, a couple of things Biden the US president yesterday signed legislation to prevent companies like Huawei and zte corp who are deemed to security threats from receiving new equipment licenses from the US Regulators is called the secure equipment act It's the latest effort from the US government to crack down on Chinese telecom And tech companies and it's quite interesting. Obviously this happens whilst Biden and Xi are kind of all smiles and trying to get on with each other because the two of them are expected to address leaders today of the Pacific Rim gatherings amid heightened regional trade and geopolitical tensions that have obviously Come to the forefront at the moment over Taiwan and various other things as well. So It's just interesting how on the sidelines of these guys obviously trying to thrash out things like the ongoing trade dialogue and so forth that they still continue to kind of pull the trigger with kind of escalation but in a much more moderate sense to keep the pressure on So that they have a strongest position as they come to negotiate over some of these other top level Topics So, yeah, it's super interesting at the moment. How much of this is kind of relevant for markets right now in terms of immediate market impact. It's not really it's much more of a kind of Keeping on track of the maneuvers that are happening as they said That will help then leverage and give potential influence to negotiating power for bigger more important topics And that's that's pretty much it. The final thing is brexit There's been a whole kind of build up from last weekend slightly Kind of came off the boil on Tuesday after I think it was the French said that they weren't going to do Certain acts around some of the legislation that was going to kick in and now it's down to the fact that the chief negotiator of the UK Frost has said to his EU counterpart essentially that the UK will renew its efforts to get an agreement on the Northern Ireland protocol and enter discussions During the next few weeks Frost will also assure Brussels that the UK prime minister does not wish to trigger article 16 so I think I said this on monday's briefing where the tone of what frost was saying was the absolute opposite of what he's just said now And that's what caused that Irish minister to come out and talk about well if you do that the brexit entire deal is off And that's when it peaked kind of around midweek. And so as I said on monday as Kind of provocative as the comment sound It's just brexit. We've been here for what five years now. This is just what happens It's just the art of the negotiation again as they say, you know these very What seem quite meaningful words which they flip on and it's all to do with just posturing and that's it so How are they going to solve the northern island protocol to be quite honest? They haven't done it in five years They're not going to do it anytime soon So this kind of tip for tat pull the trigger on article 16 or not It's going to be a sticking point for a considerable period of time still I would imagine And thus as far as pound is concerned the pound's really not reacting to this a great deal for those aforementioned reasons In terms of today, what have we got? It's a particularly quiet session really from this morning You've got European industrial production at 10 a.m. But I don't think that's going to really move the needle a great deal on any European assets Intraday, you've got no 130s out of the usb. Do you have jolts job openings? And you've got the november university michigan preliminary number Which is expected to show consumer expectations of inflation in the coming year Having climbed up to around the 13 year high Obviously just in keeping with the narrative of that 6.2 blockbuster 31 year high uscpi We had earlier in the week on on wednesday As far as speakers are concerned ecb's lane speaks a bit later Feds williams just after 5 p.m. London time neither of which we're expecting too much direct on anything on the economy And monetary policy at this point in time and then that is it so Again, don't forget to check out spotify google apple podcasts. Just search for amplify me market maker Really appreciate if you check out later episode go back and have a look at some of the previous ones Some of them are not just about the news. There's some other things from an educational learning point of view about markets investing trading stuff like that that you might find particularly interesting and And yeah, hopefully you'll subscribe to the podcast as well. All right. That's it from me for today I'll obviously be active on twitter. There's any meaningful news that does break, but Thanks for listening. I wish you a fantastic weekend. Take care