On Friday, the US dollar rose against a basket of currency majors amid a decrease in demand for risky assets and drop in oil prices. Investors are concerned about a slowdown in global economic growth. The US dollar index (#DX) closed in the positive zone (+0.25%). This week, financial market participants expect a meeting between the US President, Donald Trump, and China’s leader, Xi Jinping, at the G-20 summit, which will be held from November 30 till December 1.
Investors assess the results of the Brexit negotiations, which took place on Sunday, November 25. 27 EU leaders approved a 600-page Brexit deal. It sets out the terms for the exit of the country from the European Union on March 29, 2019, and the subsequent transition period for two-three years. The EU believes that this agreement is the best option for the UK.
The “black gold” prices are rising after the collapse the day before. At the moment, futures for the WTI crude oil are testing a mark of $51.05 per barrel.
On Friday, aggressive sales were observed in the US stock market: #SPY (-0.64%), #DIA (-0.75%), #QQQ (-0.72%).
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The 10-year US government bonds yield has become stable. Currently, the indicator is at the level of 3.04-3.05%.
– German IFO business climate index at 11:00 (GMT+2:00).
We also recommend paying attention to the speech by the ECB President Draghi and the Bank of England Governor Carney.