Daily News

Daily Briefing –Monday, November 27, 2017


The prospect of a political stability in Germany, in conjunction with strong business confidence figures on Friday, boosted the Euro to a two month high against major currencies. Keep a watch on developments in euro-zone’s largest economy.


Keep an eye on the US markets. Traders wait expectantly for the New Home Sales figures for October due out today and proposed tax cuts being considered by the Senate could trigger market volatility. All eyes also on the confirmation hearings tomorrow of proposed Federal Reserve chair Jerome Powell. Follow this space.


Stocks have been falling in Asia, with the biggest downturns in Hong Kong, China and South Korea. In China however, a government announcement that import tariffs on 187 consumer goods will be reduced as from December 1st, carries the potential of market effects.


Where are oil prices heading? US oil prices fell today, at the possibility that of increased output, but in the global markets, Brent Crude oil futures did better, at the prospect of OPEC and other producers withholding output. In the crypto-currency front, Bitcoin continued to climb on Sunday in the Asian markets, overtaking the reaching the $9500 mark. CME Group Inc. is planning to offer futures contracts for Bitcoin, this after it was announced by JP Morgan that it was considering offering its clients access to Bitcoin futures.

Upcoming Events

09:00 AM GMT EU Financial Stability Review
15:00 PM GMT US: New Home Sales.
9:45 PM GMT FOMC Member Kashkari Speech

Previous post

Daily Briefing –Thursday, November 23, 2017

Next post

Daily Briefing –Tuesday, November 28, 2017

No Comment

Leave a reply

Your email address will not be published.