Analytics, 29 November 2019
Daily comment Nov 29
- Wall St opens lower amid cautious mood caused by possible China retaliation to HK move
- Heavens advance
- US markets will close earlierEurozone inflation rebounds more than expected
- Huawei to fight against FCC limitations
- WTI -2.7%
Corporate news:
- Amazon (+0.1%): The Co is planning to double holiday hiring to 200k this year. Other retailers plan to hire in smaller numbers. https://bit.ly/2L3Jr4I
- Meanwhile, Amazon warehouse workers stage Black Friday strike against the working conditions in the UK. https://yhoo.it/37XvKy6
- Huawei (private) plans to challenge latest FCC restrictions to the US businesses on using Huawei gear. https://on.wsj.com/2P207ea
Macro:
- Euro area CPI for Nov: +1% vs est. 0.9% and 0.7% prior month. Core inflation: +1.3% vs est. +1.2% and 1.1%. https://bloom.bg/2XVuB5w
Commodities:
- WTI (-2.7%): Saudi Arabia is likely to indicate that it will not compensate for the non-compliance of other members by its own production cuts. https://bloom.bg/37O1vJR
Coming up:
- Today the US markets will close earlier at 1:00 PM (EST)
- On (12/5-12/6): OPEC+ meeting in Vienna