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PLTX:GBPUSD, Oct 17, 01:49 UTC

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US STOCKS-Wall St cheers Brexit deal; Netflix, Morgan Stanley results set positive mood

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US STOCKS-Wall St cheers Brexit deal; Netflix, Morgan Stanley results set positive mood. Oct 17 (Reuters) - U.S. stocks were on pace to open higher on Thursday, after Britain struck a preliminary last-minute deal with the European Union easing some geopolitical jitters, while upbeat earnings from Netflix and Morgan Stanley affirmed a strong start to the reporting season. This followed upbeat results earlier in the week from major U.S. banks JPMorgan Chase & Co, Citigroup Inc, Bank of America and healthcare giants Johnson & Johnson and UnitedHealth Group Inc. "So far so good. Definitely the bank earnings have been terrific, relative to expectations," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. Analysts are expecting S&P 500 third-quarter earnings to fall by 3%, which would mark the first year-on-year contraction since the earnings recession that ended in 2016. However, of the 43 S&P 500 companies to have posted quarterly results so far, 86% have beaten expectations.

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Hurdles Boris Johnson must jump to pass his Brexit deal

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Hurdles Boris Johnson must jump to pass his Brexit deal. Boris Johnson has done what many of his critics suspected he was not even attempting to do – he has negotiated a Brexit deal with the European Union. Having a deal signed off by the European Commission is only the first step, however, in ensuring Britain leaves before the October 31 deadline as per his “do or die” pledge. Oppositions MPs have been talking about a “super Saturday” where the Commons votes on both the PM’s Brexit deal and also whether to subject it to a second referendum. Former Liberal Democrat leader Sir Vince Cable called on MPs to back the deal and approve a confirmatory vote.

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Explainer: 'Super Saturday' Brexit showdown in parliament looms for PM Johnson

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U.S. Explainer: 'Super Saturday' Brexit showdown in parliament looms for PM Johnson. LONDON (Reuters) - Prime Minister Boris Johnson faces a Brexit showdown with parliament on Saturday after clinching a last-minute divorce deal with the European Union that his Northern Irish allies oppose. This number is less than 326 because seven Irish nationalist Sinn Fein party members do not sit, four speakers do not vote and four 'tellers' who help count votes, are not counted (although two of the tellers must support the deal and two must be against). There are currently 288 Conservative seats and most would be expected to vote with the prime minister. But there is a faction of committed Brexiteers that could rebel if they feel the deal is does not provide a satisfactory break from the EU.

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CANADA STOCKS-TSX futures rise as investors cheer new Brexit deal

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Oct 17 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday as a new Brexit deal eased fears over a disorderly British exit from the European Union. Earlier in the day, Britain clinched a last-minute Brexit deal with the European Union, but still faced a challenge in getting it approved by parliament. ET, while S&P 500 e-mini futures were up 0.26% and Nasdaq 100 e-mini futures were up 0.31%. A year after Canada legalized use of recreational marijuana cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride.

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Boris Johnson faces Commons struggle after securing Brexit deal

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Boris Johnson is facing an uphill struggle to get the last-minute Brexit deal he struck with the EU through the Commons. Following days of intense negotiations, the Prime Minister announced an agreement had been reached with Brussels as he headed to a summit of EU leaders on Thursday. However, key Tory ally the DUP stood firm over its objections to the Government’s Brexit stance. With the Commons expected to sit on Saturday to go over the deal, the first weekend session of Parliament for 37 years, the DUP insisted it still could not yet back the Government’s EU withdrawal plans. The Prime Minister tweeted: “We’ve got a great new deal that takes back control, now Parliament should get Brexit done on Saturday so we can move on to other priorities like the cost of living, the NHS, violent crime and our environment.”.

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Brexit deal done, Boris Johnson announces

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A Brexit deal has been agreed with the EU, Prime Minister Boris Johnson has said. Mr Johnson tweeted: "We've got a great new deal that takes back control — now Parliament should get Brexit done on Saturday so we can move on to other priorities like the cost of living, the NHS, violent crime and our environment." After the deal was announced the Democratic Unionist Party said an earlier statement saying it could not yet back the Prime Minister's Brexit plans "still stands". "Boris Johnson's deal would be bad for our economy, bad for our public services, and bad for our environment. "The next few days will set the direction of our country for generations, and I am more determined than ever to stop Brexit.

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Closing Bell: Sensex reclaims 39,000, Nifty surges 1% on Brexit deal; Tata Motors jumps 13%

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Indian shares ended over one percent higher on Thursday on reports that the UK and the European Union have come to a new agreement on Brexit, just two weeks before Britain is scheduled to leave the bloc. We’ve got a great new deal that takes back control so we can move on to other priorities like the cost of living, the national health service, violent crime, and our environment,” British Prime Minister Boris Johnson tweeted, referring to the next step in the process, where UK lawmakers must ratify the deal. The Sensex ended the day with 453 points higher at 39,052, while the broader Nifty50 index added 122 points to end the day at 11,586. Yes Bank, Tata Motors, Eicher Motors, IndusInd Bank, and Bajaj Auto were the top gainers on the Nifty50, while HCL Tech, Grasim, Vedanta, UltraTech Cement, and Bharti Infratel led the losses.

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NatWest adds £2.2bn to Brexit preparation fund

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NatWest, which is part of Royal Bank of Scotland (RBS.L), said on Thursday it had identified thousands of small business customers likely to be affected by Brexit through Brexit Customer Outreach Programme. As a result, an extra £2.2bn has been added to its Growth Funding initiative to support them. “During a time of such uncertainty, it is imperative that we do all we can to support our customers,” Paul Thwaite, managing director of commercial banking at NatWest, said in a statement. The extra funding comes days after Business Secretary Andrea Leadsom warned that “not enough” small businesses were preparing for the possibility of a no deal Brexit. The bank on Thursday also became a founding signatory of the government’s SME (Small and medium enterprise) Finance Charter, which sets out how banks will support small businesses through Brexit and beyond.

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The DUP’s three concerns with Boris Johnson’s Brexit deal

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Party leader Arlene Foster has dented hopes that a deal can be signed off this week after voicing opposition to the draft terms. The DUP has been quick to make clear its grievances with Boris Johnson’s Brexit deal. Negotiators worked well into the night in Brussels and are understood to have felt a major breakthrough had occurred, making an exit agreement at the European Council look likely. But DUP leader Arlene Foster and deputy Nigel Dodds put out a joint statement laying out their concerns with the draft terms. The EU, meanwhile, has agreed for Northern Ireland – in what would be a complex dual-tariff arrangement – to be allowed to officially remain in a customs territory with the UK, meaning the region can benefit from trade deals inked by the Government and any lower tariffs agreed by ministers.

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