Morning 11-12

News 😦 H/T  trading Economics)

  • The UK unemployment rate fell back to 3.8% in Q3, its lowest level in nearly 45 years and slightly below market expectations of 3.9%.
  • The ZEW Indicator of Economic Sentiment for Germany jumped 20.7 points from a month earlier to -2.1 in November 2019, the highest since May and easily beating market expectations of -13. “There is growing hope that the international economic policy environment will improve in the near future, which explains the sharp rise in the ZEW Indicator of Economic Sentiment in November.
  • The ZEW Indicator of Economic Sentiment for the Euro Area rose by 22.5 points from the previous month to -1 in November 2019, better than market expectations of -32.5 and the highest since April
  • Per Reuters Vix Shorts at record highs

Markets:

Highlight today is a Trump speech given at the Economic Club of New York where he will speak the Economic outlook, Trade Lull causing markets to drift so far today. Upbeat Econ data from Europe providing a bid to Stocks there 14-19 Stoxx 600 sectors higher, dax +.5% Mib +1%.Spoos and Nasdaq little changed. Treasuries and Bunds a bit softer, dollar  a few ticks higher Jpy lower and Gold approaching yesterday’s lows and looking to close lower for seven of last eight  trading days .Natural gas with a small bid as medium turn forecasts again turn a bit colder

Trump Speech today is highlight of calendar, Tomorrow we will see Powell testify in front of House committee and the release of CPI

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