Key Global Events

The European stock exchanges move under the banner of caution in the last session of the week, with investors who for the moment are unable to continue on the upward path taken yesterday. On the eve of the Euro Stoxx 600 had reached a six-month high, also thanks to the first signs of easing of the zero-Covid policy in China. Watch for US Jobs, Payrolls and Unemployment data today to be released at 2:30pm.
Indeed, investors do not seem to attach much weight to US President Joe Biden's openness to peace talks with Russia over Ukraine. Thus, the FTSE MIB -0.15% in Milan, the CAC 40 -0.4%, the FTSE 100 -0.61% in London and the IBEX 35 -0.62% are down slightly.

Forex & Commodities

The euro-dollar cross travels to its highest since June above 1.05 to 1.0540 (+0.18%). Oil slightly down (Brent -0.09% to 86.7 dollars a barrel and Wti -0.27% to 81 dollars a barrel) in view of the OPEC+ meeting on 4 December.

Index – Markets fell in Asia as optimism over China's moves to ease tight controls over the pandemic faded, replaced by concerns over macroeconomic data suggesting a recession in the large Asian country could loom. Tokyo's Nikkei 225 index lost 1.7% while the Hang Seng lost 0.15%.
while on Wall Street the rally triggered by the words of the chairman of the Fed, Jerome Powell, on interest rates has already petered out (futures on the Dow Jones -0.11% and on the S&P500 -0.12%). Today pay attention to the data on the job.

Key Macroeconomic Data

The European stock exchanges move cautiously in the last session of the week.

EU – October Eurozone Producer Price Index (PPI) is expected at 11am (previous: +41.9% yoy; consensus: +31.2% yoy).

US - In November, the change in non-farm wages in the US should have been 200,000 from 261,000. While unemployment should not be changed, 3.7%.