Summary Key Macro Events
🇪🇺 🇬🇧 Brexit talks roll on this week as the still divided EU and British negotiating teams seek to ratify an agreement ready for January 1 – FT (30)
🌎 Opec members will sit down with Russia on Monday for a two-day meeting against the backdrop of a month-long oil rally (30)
🇺🇸 White House health advisor Birx hopes to brief Biden Monday on coronavirus response – CNBC (30)
🇨🇦 Justin Trudeau, Canada’s prime minister, will present a fiscal update on Monday (30)
🇺🇸 Pending Home Sales for October (30)
🇨🇳 Beijing’s efforts to centralize supervision on the use of goods and services deemed sensitive to national security come to a head Tuesday, when the export control law comes into effect – Nikkei (2)
🌎 The OECD on Tuesday presents its global economic outlook – (1)
🇪🇺 Eurozone finance ministers will meet virtually on Tuesday to discuss taxation and budget matters as well as the Italian G20 presidency in 2021 – FT (1)
🇺🇸 US Federal Reserve chair Jay Powell will be in the limelight when he testifies, along with treasury secretary Steven Mnuchin, before the Senate Banking Committee on Tuesday and a day later before the House Financial Services Committee, in a quarterly appearance to discuss the CARES Act – FT (1 & 2)
🇺🇸 ISM Manufacturing for November (1)
🇪🇺 EU health ministers meet on Wednesday do discuss the pandemic – FT (2)
🇺🇸 ISM Services for November (3)
🇨🇳 After consulting with investors, index compilers FTSE Russell and MSCI will reveal their stance on including securities from companies that the U.S. government says help the Chinese military – Nikkei (4)
🇺🇸 Employment Report for November (4)
Earnings
#earnings for the week https://t.co/lObOE0dgsr $ZM $CRM $HOME $CRWD $DOCU $DG $OGI $MOMO $MRVL $ATHM $NJR $ADNT $BIG $SPLK $BNS $KR $ZS $OKTA $BOX $CLDR $BMO $MIK $SWBI $JFIN $HPE $TD $VEEV $FIVE $SNOW $ULTA $EMKR $NTAP $DLTH $RY $ZUO $GBDC $ESTC $SIG $BBW $NOAH $SNPS $CBRL pic.twitter.com/eHbOsDDPtA
— Earnings Whispers (@eWhispers) November 28, 2020
Previews
🌎 🇺🇸 Payrolls in U.S. Set to Tread Higher in Pandemic Slog: Eco Week – Bloomberg
*Powell and Mnuchin in Congress
*Link: https://t.co/fZ640mxvI7 pic.twitter.com/SGUpRBKtDs— Christophe Barraud🛢 (@C_Barraud) November 29, 2020
Belt and Road summit, https://t.co/Va2HbUx8Ly results, and Korea’s Suneung test — Your Week in Asiahttps://t.co/03cSdbkpME
— Nikkei Asia (@NikkeiAsia) November 29, 2020
Brexit talks, Opec+ meeting, US non-farm payrolls https://t.co/uJGha9edaF
— FT Economics (@fteconomics) November 29, 2020
🇺🇸 White House health advisor Birx hopes to brief Biden Monday on #coronavirus response – CNBChttps://t.co/2viENpBf8E
— Christophe Barraud🛢 (@C_Barraud) November 30, 2020
Boris Johnson’s officials believe a post-Brexit trade deal could be reached within days if both sides continue working in “good faith” to resolve what the UK sees as the last big obstacle in the talks – fishing rights https://t.co/MVArEkcEv3
— Bloomberg Economics (@economics) November 30, 2020
Focus on 🇺🇸 Economic Calendar
Schedule for Week of November 29, 2020 https://t.co/mFRqjIZ6ZA The key report this week is the November employment report on Friday.
Other key indicators include the November ISM manufacturing and services indexes, November auto sales, and the October trade deficit.
— Bill McBride (@calculatedrisk) November 28, 2020
🇺🇸U.S. ECONOMIC DATA THIS WEEK:
*PENDING HOME SALES (MON.)
*ISM MANUFACTURING PMI (TUES.)
*ADP NONFARM PAYROLLS (WED.)
*JOBLESS CLAIMS (THURS.)
*ISM SERVICES PMI (THURS.)
*NONFARM PAYROLLS (FRI.)
*UNEMPLOYMENT RATE (FRI.)⚠️ https://t.co/zssQozcKnb$DIA $SPY $QQQ $IWM $VIX pic.twitter.com/OI9BpVJnAn
— Investing.com (@Investingcom) November 29, 2020
Top 10 Macro/Financial Charts of the Previous Week – w48
⚠ Top 10 Macro/Financial Charts of the Week – w48 ⚠
HT @LizAnnSonders, @NorthmanTrader, @hmeisler, @crescatkevin, @zerohedge, @Callum_Thomas, @ernietedeschi, @RichardDias_CFAhttps://t.co/q4u1HOndiK
— Christophe Barraud🛢 (@C_Barraud) November 30, 2020
