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Market View

Market Recap – The speech

Tuesday, November 12, 2019 10:00 AM GMT

The official opening ceremony of the Paris Peace Forum is held today. Besides President Macron, the forum will be attended by Wang Qishan, Chinese Vice President, Ursula von der Leyen, President-Elect of the European Commission and Felix Tshisekedi, President of the Democratic Republic of Congo. Last year, Angela Merkel and Vladimir Putin had attended.

At 17.00GMT, President Trump will address the New York Economic club. His speech could include his thinking on taxing the European automobile industry, anti-impeachment arguments, bragging about the US equities performance, insights on the trade negotiations with China.

The much needed/aggressive/large fiscal expansion of Germany and Netherlands does not seem to be materializing. As a result financial markets are sending EUR lower. The two countries are projected to report new surpluses in 2020.

Macro releases & Earnings: Tilray is reporting its earnings today. Other than the ZEW Economic sentiment no other market moving macro release is expected.

Disclaimer

The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

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