EU Opening

Written on 11/22/2022


Key Global Events

The European Stock Exchanges start uncertain in the aftermath of a weak session also on Wall Street, while Tokyo has recorded a recovery. The ftse Mib among the best (+0.36%), the Dax in Frankfurt +0.08% and London +0.76%. The FTSE MIB is doing slightly better, up 0.22% in Milan, with investors also looking at the 35 billion maneuver announced by the Meloni government last night.
Investors' attention remains focused on central banks, awaiting the minutes of the latest meetings (those of the Fed on Wednesday and those of the ECB on Thursday), in what is Thanksgiving week in the United States and will see Wall Street closed on Thursday and mid-day on Friday .

Forex & Commodities

The yuan remains under pressure against the dollar and falls by 0.2% to 141. While among commodities, the price of oil remains flat (Wti at 80 dollars a barrel and Brent at 87 dollars) due to concerns the Chinese question.
The dollar and the pound are also weak, while the single currency recovers.
EURUSD at 1.0265 (+0.25%) GBPUSD at 1.1837 (+0.15%) and USDJPY at 141.75 (-0.22%).

Index – The Hang Seng is the worst index among Asian stock exchanges, the Nikkei is up, driven by energy company stocks. China's four major real estate groups have announced 3,000 job cuts.
Beijing has announced the closure of parks, shopping centers and museums. After a spike in new cases, many cities have resumed mass testing for Covid-19.
Yesterday on Wall Street: S&P500 -0.39% Dow Jones -0.13% and Nasdaq -1.09%.

Key Macroeconomic Data

The European Stock Exchanges start uncertain in the aftermath of a weak session also on Wall Street.

EU – November Consumer Confidence (16:00).

CAD – Canadian Retail Sales will be released at 2:30pm.