The White House has further extended the enforcement deadline for TikTok, with the new deadline set for December 16th. This comes as European bourses experience mixed performance, with NQ seeing brief pressure amid reports of China ordering tech firms to stop buying NVIDIA’s AI chips. Meanwhile, the USD is marginally firmer as markets prepare for today’s FOMC announcement.

In fixed income, NVIDIA pressure lifted Gilts to highs pre-FOMC, with the region’s inflation report coming in broadly in line but with a slight cooling of Services. Crude trades with modest losses, with dollar strength weighing on gold prices.

Looking ahead, investors will be eyeing key economic data releases such as New Zealand GDP (Q2), US Atlanta Fed GDP, FOMC Announcement, BoC Announcement, BCB Announcement, as well as speeches from influential figures including ECB’s Nagel, Fed Chair Powell, BoC’s Macklem, and US President Trump. Earnings from General Mills are also on the horizon.

The extended TikTok enforcement deadline is likely to be a topic of interest for investors, particularly in light of growing geopolitical tensions between the US and China. The impact of these tensions on global markets and economic growth will continue to be a major focus for investors in the coming days and weeks.

The extended TikTok deadline and mixed performance across European bourses highlight the ongoing complexities of global trade relations and their implications for financial markets. As investors navigate these challenges, they will need to stay informed and adaptive in order to make informed investment decisions.