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        Two major agreements between China, the United States, Britain and Europe agitat


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The optimism caused by the first phase of the trade agreement between China and the United States soon returned to rationality. Investors calmly waited for specific details and carefully prevented the recurrence of the collapse of the talks between the two sides in May.
It has been more than three years since Britain left Europe, and now "again" will usher in the end of deja vu, just waiting for the British Parliament. Whether Prime Minister Johnson's goal will win or not will be announced at the weekend, setting the tone for the market next week.
China's economic data released this week showed that in the face of the severe economic situation at home and abroad, the year-on-year growth rate in the third quarter reached a record low, with great downward pressure on the economy; imports and exports fell faster than expected, with weak domestic and foreign demand.
China's GDP hit a new low in the third quarter, and the RMB response was temporarily limited. The RMB was glued to the US dollar at around 7.07 yuan.
According to the latest forecast of the International Monetary Fund's global economic outlook, the trade war between China and the United States slowed down the global economic growth in 2019 to the slowest since the financial crisis in 2008-09. If the trade tensions are still not resolved, the economic outlook may be significantly bleak.
Looking forward to next week, the European Central Bank will hold a policy meeting, the last meeting of Mr Draghi. After eight years of ultra loose policy, but failed to achieve the inflation target, hawkish committee members have called for Lagarde, the president-elect, to carry out policy reform.


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