London Time is the Chance! ~Key points and schedule on December 6~
◎ Today's Highlights
1)Stock and bond markets in the United States after the holiday
The Dow Jones fell a record $800 recently. Yesterday, that trend continued in Asia and Europe. We are watching closely how U.S. stocks will behave after the holiday.
Also, one of the factors drawing attention to why stock prices and the U.S. dollar have been turning bearish is the inverted yield curve. Regardless of how much influence the inverted yield curve may have, the fact that the market is paying attention is important. I want to focus on the movements of the 2-year, 5-year, and 10-year Treasuries.
2)Three days of Brexit bill deliberations
In the British Parliament, debates are underway toward a vote on the Brexit bill. Rumors about the content could cause the pound to swing violently. Today too, keep an eye on Brexit-related developments.
The pound's fate this week!! We made an urgent video.
3)OPEC Conference
The OPEC conference is held today. The focus is on production cuts. My personal impression is that the production-cut agreement is a consensus. The key point is the volume. Attention is on how much can be cut.
If, by any chance, an agreement cannot be reached, I think crude oil prices may break the psychological milestone of $50 and head toward lows.
◎ Today's Event Schedule
December 06 (Thursday)
OPEC Conference
09:30 AUD Retail Sales / Trade Balance
10:15 USD FOMC member Quarles's remarks
16:30 EUR De Guindos ECB Vice President / Lagarde ECB President remarks
18:05 AUD Debelle RBA Assistant Governor remarks
19:00 GBP Ramsden Bank of England Deputy Governor remarks
22:15 USD ADP Employment Report
22:30 BOC Trade Balance
22:30 USD Trade Balance
22:35 BOC Poloz remarks
23:45 USD US Services PMI and Composite PMI
December 07 (Friday)
Germany CDU Party Leader Election
00:00 CAD Ivey PMI
00:00 USD ISM Non-Manufacturing PMI
02:15 USD Boastful Lael? (likely Bositic) - Atlanta Fed President remarks
◎ Weekly Schedule
