EU CONSUMER STAPLES: Carrefour: Brazil Debt Refinancing Completed

• US TSY 17W AUCTION: NON-COMP BIDS $470 MLN FROM $65.000 BLN TOTAL

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Politico reporting that US President Donald Trump, “promised Arab leaders during a meeting Tuesday that he would not allow Israeli Prime Minister Benjamin Netanyahu to annex the West Bank, according to six people familiar with the discussion.”

• The report appears to refer to a meeting at the UN General Assembly yesterday, where Trump is understood to have presented a group of Arab and Muslim leaders a new US proposal to end the war in Gaza. There haven’t yet been any official readouts.
• The report comes after “Several ministers in Prime Minister Benjamin Netanyahu’s far-right government demanded that Israel annex the occupied West Bank,” in retaliation for the UK, France, Canada, Australia, and others, recognising Palestinian statehood, per FT.
• Politico notes that “despite Trump’s assurance, a ceasefire to end Israel’s nearly two-year war against Hamas was nowhere close to fruition,” according to a source familiar with yesterday’s talks.
• Poliico notes that Arab and Muslim leaders aimed to impress on Trump “that any Israeli incursion into the West Bank would likely lead to the collapse of the Abraham Accords,” Trump's signature first-term foreign policy achievement that he wants to expand to include Saudi Arbia.
• At 17:30 ET 22:30 BST, Secretary of State will hold a press spray ahead of a meeting with his counterparts from Egypt, Saudi Arabia, and the UAE, the three countries likely to backstop post-war Gaza security. Rubio will follow with a separate meeting with counterparts from the Gulf Cooperation Council Member States.