Bond.az reports British stocks fell on Friday, pressured by a brewing leadership battle in the UK's Labour Party. The pound fell for a fourth straight day.
The FTSE 100 declined 1.3%, Germany's DAX lost 1.4%, and France's CAC 40 fell 1.3%. Sterling was down 0.25% at 1.3375.
A Labour MP vacated his seat, potentially paving the way for Andy Burnham to enter parliament. Burnham is seen as more fiscally expansive. Reform UK poses a stiff test if a by-election is called.
Trump left Beijing after hailing "fantastic trade deals." Confirmed deals include Boeing aircraft, jet engines, and agricultural goods. Energy purchases may follow. Xi is expected to visit Washington around September 24.
Trump said the U.S. may need to do "a little cleanup work" in Iran, calling the ceasefire a favor to Pakistan. He could accept Iran suspending its nuclear program for 20 years. "80% of their missile capacity is gone," he claimed. He will decide within days on lifting sanctions on Chinese firms buying Iranian oil.
China's foreign ministry called for a "constructive strategic stability" with the U.S., opposing militarization of the Strait of Hormuz and calling for a ceasefire and diplomatic resolution.
Rubio said China has not yet committed to vote for the U.S.-backed UN resolution. Iran's Foreign Minister Araghchi claimed Iran won the conflict and accused the U.S. of illegally blockading the strait.
