Key Global Events
European stock markets are expected to move little at the start of the session (Eurostoxx50 futures -0.05%), in line with Wall Street futures (Dow Jones futures -0.06% and S&P500 futures -0.01%). Stocks in Asia ended the session weak due to the increase in infections in China with the race to hoard food that is starting to create some problems in Beijing.
The euro/dollar exchange rate is 1.04173 (+0.29%) the day after the publication of the minutes of the last ECB meeting from which it emerged that the board is starting to consider the hypothesis of proceeding in the future with slighter increases in the cost of money than in the past. So along the lines of the Fed.
after being closed Thursday for Thanksgiving Day, it is preparing to reopen only for half the day.
Forex & Commodities
Euro rather flat against the dollar. EURUSD at 1.0418 while the now flat pound is back above 1.21 (1.2107). USDJPY at 138.64 (+0.03%).
The price of oil rose slightly: the January future on the Wti rose by 0.53% to 78.49 dollars a barrel and the same delivery on Brent gained 0.35% to 85.64 dollars. Pending concrete news on the European price cap, the price of natural gas in Amsterdam rose by 1.2% to 125.2 euros per megawatt hour.
Index – In Tokyo, meanwhile, the Stock Exchange closed the last session of the week with a minus sign (-0.35%), Shanghai +0.40% and Hang Seng -0.58%.
Key Macroeconomic Data
European stock markets are expected to move little at the start of the session (Eurostoxx50 futures -0.05%), in line with Wall Street futures (Dow Jones futures -0.06% and S&P500 futures -0.01%).
EU – Germany's third-quarter GDP, revised upwards from +0.3% quarter-on-quarter to +0.4% quarter-on-quarter (above estimates that saw it up by 0.3% and 1% respectively .2 percent). 09:00 is expected November Italian Manufacturing Business Confidence Index (previous: 100.4pts; forecast: 100pts) and November Consumer Confidence Index (previous: 90.1pts; forecast: 91 points) and at 11:00 the non-EU trade balance in October (previous: -5.4 billion euros).