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Market Recap – Aramco debuts

Wednesday, December 11, 2019 10:38 AM GMT

Later today, the FED will have its last monetary meeting for 2019. A 4th rate cut is not expected at the moment. The latest macro releases from the USA are pointing to robust consumption, and to manufacturing activity that is bottoming up. Inflation readings are decreasing.

Today, the French Parliament will most probably go ahead and vote the new pension plan reform that has triggered six straight days of strikes and protests.

The European Commission President, Ursula Von der Leyen, is expected to announce the European roadmap towards net-zero emission economy.

Aramco debuted  with an opening price that was 10% higher than the IPO price.

Macro releases: Other than the US inflation, the US Crude oil inventories and the scheduled FOMC meeting, no other significant releases are included in today’s economic calendar.

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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