Market Talk – Monday, Nov. 23

Retail Sales Quarterly Vs. Year Ago (Q3) increased from -14.2% to 8.3%

Singapore:

GDP (QoQ) (Q3) remain the same at 42.3%

GDP (YoY) (Q3) increased from -13.3% to -5.8%

Some economic news from today:

Singapore:

CPI (YoY) (Oct) decreased from 0.0% to -0.2%

EUROPE/EMEA:

The European Union warned that the U.K. hasn’t moved sufficiently to overcome the main obstacles to a post-Brexit trade deal as three of the bloc’s leaders called for contingency plans to be stepped up in case there is no agreement. At a meeting in Brussels on Friday, Secretary-General of the Commission Ilze Juhansone told envoys from the EU’s 27 member states that negotiations could now slip into December as progress has been slow.
The major European stock markets had a negative day:

  • CAC 40 decreased 3.74 points or -0.07% to 5,492.15
  • FTSE 100 decreased 17.61 points or -0.28% to 6,333.84
  • DAX 30 decreased 10.28 points or -0.08% to 13,126.97

The major European currency markets had a mixed day today:

  • EURUSD decreased 0.0028 or -0.24% to 1.18273
  • GBPUSD increased 0.0039 or 0.30% to 1.33257
  • USDCHF increased 0.0026 or 0.29% to 0.91355

Some economic news from Europe today:

France:

French Manufacturing PMI (Nov) decreased from 51.3 to 49.1

French Markit Composite PMI (Nov) decreased from 47.5 to 39.9

French Services PMI (Nov) decreased from 46.5 to 38.0

Germany:

German Composite PMI (Nov) decreased from 55.0 to 52.0

German Manufacturing PMI (Nov) decreased from 58.2 to 57.9

German Services PMI (Nov) decreased from 49.5 to 46.2

UK:

Composite PMI decreased from 52.1 to 47.4

Manufacturing PMI (Nov) increased from 53.3 to 55.2

Services PMI (Nov) decreased from 52.3 to 45.8

Euro Zone:

Manufacturing PMI (Nov) decreased from 54.8 to 53.6

Markit Composite PMI (Nov) decreased from 50.0 to 45.1

Services PMI (Nov) decreased from 46.9 to 41.3

US/AMERICAS:

US manufacturing grew at its fastest pace in over five years this month, according to IHS Markit data. The index rose to 56.7 in November from 53.4 in October, surpassing Reuter’s estimate of 53. The service index rose to 57.7 from 56.9 the month prior; the composite index rose to 57.9 in November from 56.3 in October.

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