Analytics, 28 November 2019
Daily comment Nov 28
- US markets are closed for Thanksgiving
- US Futures edged lower after Hong Kong move
- Gold and yen gain
- Apple may face a holiday shortage of AirPods
- EU approved increased beef import quota
- WTI -0.3%
Corporate news:
- Intel reportedly partnered with Samsung Electronics and TSMC to address CPU shortage. (https://bit.ly/2L3UUB9)
- According to Wedbush, Apple AirPods see “surge of demand” and could face holiday shortage. (https://cnb.cx/37GPeXH)
- Amazon cloud computing unit designed a more powerful generation of data center processor chip, sources said. (https://reut.rs/34vlECu)
- Saudi Aramco IPO: The retail portion (1.02bn or ~1/3 of total shares) has been fully covered with $8.7bn in orders. (https://reut.rs/2R5tAqd)
Macro:
- President Trump signed a bill supporting Hong Kong protesters. China threatened to retaliate. (https://bloom.bg/2OPZfcp)
- European Parliament approved increased quota on beef import from the US. (https://bloom.bg/37LvOAR)
Commodities:
- WTI (-0.3%): US crude inventories rose by 1.6mn bls, production increased to a record 12.9m bpd last week: EIA. (https://bit.ly/34udg68)
- OPEC predicts balance in oil market in 2020 with current level of production cuts. (Bloomberg)
Coming up:
- On Fri (11/29):
- The US markets will close earlier at 1:00 PM (EST).
- Euro-area inflation for October is due