The US dollar is being traded without significant changes against a basket of currencies. Yesterday, the dollar index (#DX) closed in the positive zone (+0.12%). However, market tensions increased due to a new decision by US President D. Trump. So, yesterday, the official signed two bills that support protesters in Hong Kong. This step may significantly complicate trade negotiations with China. The Ministry of Foreign Affairs of the People’s Republic of China threatens to take strict measures, calling any attempt to interfere in Hong Kong’s affairs “doomed to fail.”
Mixed US economic data were also released yesterday. Thus, US GDP (q/q) grew in the third quarter by 2.1% instead of the expected growth by 1.9%. Initial jobless claims fell to 213K instead of 223K. However, pending home sales fell by 1.7% in October, while experts expected an increase by 0.2%. According to the Beige Book, the US economy is growing at a moderate pace.
Today, US financial markets are closed due to Thanksgiving. Market volatility may be reduced.
The “black gold” prices are declining. Currently, futures for the WTI crude oil are testing the $57.70 mark per barrel.
Market Indicators
- Yesterday, there was the bullish sentiment in the US stock market: #SPY (+0.45%), #DIA (+0.20%), #QQQ (+0.70%).
- The 10-year US government bonds yield has increased slightly. At the moment, the indicator is at the level of 1.76-1.77%.
The Economic News Feed for 28.11.2019:
- Today, the publication of important economic news is not expected.
