Tuesday, 21 November 2017

Things To Look Out For Today - Events & Data (Ldn Times)

Asia
21:45pm    - NZ  Net Migration
23:30pm    - Aus Westpac Leading Index
00:00am    - Aus Skilled Vacancies
00:30am    - Aus Construction Work Done
02:00am    - Tha Trade Balance


Europe:
05:30am    - Nth Consumer Confidence
07:00am    - Den Consumer Confidence
07:00am    - Nor Unemployment Rate
08:00am    - EU  ECB's Villeroy Speaks
11:00am    - Ire PPI
12:30pm    - UK  Budget
12:30pm    - EU  ECB's Villeroy Speaks
15:00pm    - EU  Consumer Confidence
00:00pm    - UK  The Ashes


US
12:00pm    - US Morg Apps
13:30pm    - US Initial Claims
13:30pm    - US Durable Goods
15:00pm    - US U of Michigan Sentiment
19:00pm    - US FOMC minutes


Market focus this Morning...
-S&P 500 closes at record high, hits 2,600 for the first time as tech rallies. U.S. stocks rose to record highs on Tuesday as a rally in tech lifted the broader market. Investors also cheered strong quarterly results from top companies in Corporate America.
-U.S. government debt yields varied Tuesday as short-term Treasury yields climbed while longer-term debt yields fell, adding to concerns about the state of the economy. This "flattening" trend is typically present before economic downturn as risk inflates short-term debt yields.
-US crude rises 41 cents, settling at $56.83, as traders await OPEC's decision on output cuts. Oil prices are getting support from expectations of an extension next week to OPEC-led output cuts.
-HandelsblattGE: ECB board member Benoît Cœuré said he expects the central bank to soon delink its inflation target of close to 2% from its bond buying stimulus in the euro-zone.
-Robert Mugabe resigned as Zimbabwe’s president on Tuesday, a week after the army and his former political allies moved to end four decades of rule by a man once feted as an independence hero who became feared as a despot.

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