The German retail sales recorded in October the best month for the past five years, with an increase of 2.4% in sales (relative to September), significantly above the forecast of a rise of 1%.
Market News Briefing – November 30th 2016 08:30 (GMT+1)
The European stocks markets started the day with a rise , just like yesterday’s closing on Wall Street.
The Investors eyes are now turned to Vienna where the producers meeting will be held today by OPEC members.
They will try to reach an agreement on the freezing the output in order to stabilize the price of oil.
Market News Briefing – November 29th 2016 15:35 (GMT+1)
Case-Shiller index of housing prices in the US showed an increase of 5.1% in September versus September last year.
This is the index which covers the changes in real estate in 20 districts.
Market News Briefing – November 29th 2016 15:30 (GMT+1)
The price of the oil is now falling by 3.9% to a price level of 45.2 dollars per barrel, at the background to what looked like a break-up of the summit attempt to decide tomorrow on OPEC output reduction.
Iran’s oil minister announced that his country doesn’t intend to sign a pledge to reduce the output and that the intention is only to leave the production levels as they were at OPEC meeting in September.
Market News Briefing – November 29th 2016 14:30 (GMT+1)
In the US GDP in the last quarter recorded a growth of 3.2% (annual respectively) compared to an expectations to increased by 3%.
Market News Briefing – November 29th 2016 13:30 (GMT+1)
Wall Street futures contracts are rising after the negative locking yesterday.
The European trading continues to remain of a mixed trend.
Market News Briefing – November 29th 2016 09:15 (GMT+1)
The European stocks markets started the morning with stability, following the sharp declines recorded yesterday.
The German DAX index shedding 0.1%, the French CAC rising by 0.2% and the FTSE falls by 0.3%.
Market News Briefing – November 29th 2016 07:45 (GMT+1)
The markets anxiously waiting to see whether the largest oil exporters in the world and will form tomorrow at the summit of OPEC an agreement that will lead to the reduction of output and stabilizing prices of black gold.
The oil is trading right now with volatility and the market analysts are warning that without a formal agreement to reduce the output, the oil prices could fall below the level of $ 40 a barrel and $ 30 a barrel in the near term.
Market News Briefing – November 29th 2016 07:30 (GMT+1)
The Asian stock markets trading is conducted today (Tuesday) with a mixed trend after the negative locking yesterday on Wall Street.
The Japanese Nikkei Index going down at the background of the strengthening of the Japanese yen.
Market News Briefing – November 29th 2016 07:00 (GMT+1)
Japan released some data:
The unemployment rate in the country remained stable at 3% in October while household spending fell at an annual rate of 0.4% in October, below the analysts’ forecasts of a 0.6% decline.
The retail sales in October fell by 0.1% less than the analysts’ expectations of a steeper decline at a rate of 1.2%.
365 Stock market news 