Market movers ahead
- In the US, PCE core inflation is set to come in just below the Fed’s 2% target
- In the euro area, falling energy prices will drag headline inflation lower
- Brexit negotiations will continue to be high on the agenda with an EU summit on Sunday and uncertainty about political backing in the UK
- Newsflows around the upcoming meeting between Chinese President Xi Jinping and US president Trump, likely to occur on 1 December, will be a key market theme
- Chinese PMI manufacturing reading for November may drop below the 50 benchmark
Weekly wrap-up
- Politics (Brexit, US-China trade talks and Italy) in focus rather than economic data this week
- Brexit one step closer to a deal, but uncertainty prevails, while Italy is one step closer to an EDP
- Conciliatory tones from Trump in a potential Xi-Trump ceasefire in the trade war between China and the US.