Summary for the 1st. of October -Impeachment


The US House of Representatives continues the impeachment inquiry against Donald Trump. The inquiry has been launched after President Donald Trump’s 25th of July phone call with the Ukraine President Volodymyr Zelensky has been revealed, and that the conversation is about Trump pressuring Zelensky to investigate Trump’s political opponent, Joe Biden and his son. The secretary of state, Mike Pompeo, also is one of the people that have been listening in on the conversation. It is also revealed that the White House has curbed access to the content of the conversation between Trump and the Australian prime minister. The Senate Majority Leader, Mitch McConnell, would have no choice but to take up impeachment if the House of Representatives passes the articles charging the President with crimes.

Boris Johnson is to present the Brexit plans to the EU leaders. He is expected to propose new plans for the Irish border. There have been talks about implementing customs checkpoints 10 miles from the border in both Northern Ireland and Ireland.

Bank of Japan’s Tankan survey shows that the sentiment of the big manufacturers has declined in the third quarter to the lowest level in six years. The reactions from the financial markets are moderate, probably because the markets have expected an even stronger decline.

The Reserve Bank of Australia cuts its benchmark interest rate from 1 percent to the record low of 0.75 percent, as expected by the financial markets.

The EU area’s unemployment rate declines to 7.4 percent, as expected by the financial markets. The unemployment rate in Germany and France is unchanged , while Italy and Spain have contributed the most to the decline in unemployment rate of the EU area.

Indices for 1st of October
Dow: +0.4 % (30th of September)
S&P 500: +0.5% (30th of September)
Nasdaq: +0.8% (30th of September)
Nikkei: +0.8%  (1st of October)
Chinese indices: Closed. (1st of October)
STOXX Europe 600 Index: -1.31% (1st of October)

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