(MNI) London - Foreign Minister Johann Wadephul's high-profile visit to China, planned for 27-28 October, has been cancelled at late notice, according to an FM spox. The spox claims that they found it impossible to get sufficient meetings with officials to make the trip worthwhile, saying that Beijing had only confirmed one relevant meeting with Wadephul's counterpart, Wang Yi. Hans von der Burchard at Politico notes on X that "it is known that [Wadephul] was keen to go (to discuss rare earths, microchips)."
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The latest pullback in Treasury futures appears corrective. Price has moved through the 20-day EMA, at 112-28. The break signals scope for a deeper retracement and attention turns to the 50-day EMA, at 112.10 and the next key support. Moving average studies remain in a bull mode position, highlighting a dominant uptrend. The bull trigger has been defined at 113-29, the Sep 11 high.
Latvia has mandated Deutsche Bank, Erste Group and Goldman Sachs Bank Europe SE for a potential benchmark syndicated transaction of a Euro-denominated 10-year line, subject to market conditions, according to Bloomberg.