Investors Are Evaluating the Results of the G20 Summit

December 3, 2018

by JustForex

The USD strengthened against the major currencies. A G20 summit happened on Friday. The President of the United States Donald Trump and the leader of the People’s Republic of China Xi Jinping met during the summit and agreed to keep the 10% fees on the Chinese wares worth more than 200 billion USD. The officials agreed that China will expand the import of the US wares, including the agricultural products. The USD index (#DX) closed in the green (+0,51%).

Some economic reports were published on Friday by the EU and Canada. According to the preliminary data, the inflation in the EU reached 2%, while the experts were expecting 2.1%. The Canadian GDP growth slowed down by 0.1% instead of growing by the same amount, as had been expected. Today, during the Asian trading session, Caixin published a PMI rating of China which rose to 50.2 in November instead of 50.1.

The oil market is characterized by aggressive purchases. At the moment the WTI futures are testing the 53.55 USD/barrel mark.

Market Indicators

On Friday the US stock market had seen a lot of purchases: #SPY (+0,62%), #DIA (+0,70%), #QQQ (+0,73%).

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The 10-year US government bonds yield is at 3,03-3,04%.

The Economic News Feed for 03.12.2018:
  • – Industrial Purchasing Managers’ Index (GER) – 10:55 (GMT+2:00);
  • – Industrial Purchasing Managers’ Index (UK) – 11:30 (GMT+2:00);
  • – Industrial Purchasing Managers’ Index by ISM (US) – 17:00 (GMT+2:00);

by JustForex