Morning Juice – Europe Session Prep
Good morning, Traders!
It is Monday, the 25th of November. Here is what to expect for the day.
Sentiment
Following a two-month selloff, the US bond market is now showing signs of stability, with investors beginning to leap in anytime rates touch new highs.
A populist who has expressed love for Putin has upended Romania’s presidential election, setting up a potential runoff with an establishment contender in one of the country’s worst upsets since communism’s demise.
Oil prices held steady after posting their greatest weekly gain in nearly two months, as geopolitical uncertainties in Ukraine and the Middle East kept investors on edge.
Economists predict Chinese exports to reach a record high this year as buyers race to place orders ahead of President-elect Donald Trump’s warning of heavier tariffs when he takes office in January.
The UK could revoke pension tax benefits from asset managers who do not invest enough domestically, according to the director of the British Business Bank, in a warning about the industry’s stakes as the government pursues a crucial growth program.
Events
04:00 ET
German IFO Expectations
Median Forecast 87 | Prior 87.3 | Range 88.2 | 84
German IFO Current Conditions
Median Forecast 85.5 | Prior 85.7 | Range 86.2 | 84.5
German IFO Business Climate
Median Forecast 86 | Prior 86.5 | Range 87 | 85
Good luck!
