This Morning

In London, COMEX copper futures were little changed around $2.65 per pound while NYMEX crude oil futures fell below $57.40 per barrel. Market sentiment continues to be shaped by a potential U.S.-China trade deal, with Reuters reporting “U.S. national security adviser Robert O’Brien on Saturday said that an initial trade agreement with China was still possible by the end of the year. Chinese daily Global Times on Monday cited experts close to trade talks as saying that China and the United States have reached a broad consensus on the first phase of the trade deal, though some differences remain over the removal of tariffs.” In Shanghai, most-actively traded SHFE copper futures settled 0.4% higher earlier today. In foreign exchange trading, the dollar was practically unchanged against the euro ($1.102) but firmer to 108.88 Japanese yen.