Feeling of market, by Alberto Carbonell
Yesterday attended a marked meeting for the little volatility and the scant volume as a result of the festivity of Thanksgiving through which the markets did not open in the United States. For today's meeting, although the market in the United States will be open, a meeting of transition is expected with very scant volume.
The market will continue reacting to the news from the pharmaceutical companies that they present novelties on the vaccination of the Covid. Yesterday AstraZeneca permitted that it committed an error in one of its testing. This has done that they have carry out a new overall testing additional that it will give as a consequence a delay in the approval of the vaccination both in Europe and most notably in the United States, that they will not approve a vaccination on the base of studies carried out in other places.
Yesterday have the publication of the law reports of the last meeting of the ECB where you could confirm the most pessimistic vision assumed by the monetary organisation consequence of the second surge of infections. In these circumstances the market discounts a monetary new push in the last meeting of the year that is celebrated on 10 December. The inflation outlooks are worse than when was increased for the last time the programme of purchases of emergency.
For today's meeting barely will have references which is why the attention will be concentrating on the flow of news referring to the vaccinations.
The index GfK reliable of the consumer of November was 90 points (92 expected).
Orders of machinery of October fell 6% YY.
Foreign exchange market comment
Very untroubled day in the markets because of the celebration of the day of thanksgiving in USA. The EUR/USD is consolidated above the area of the 1.19 and the the next days owe try test the resistance of the 1.20.
Today turn around to resume the negotiations on the BREXIT of way in person. The negotiator boss of the EU has requested an emergency meeting
«» for today and discuss the topic of the fishing since continues being one of the pitfalls principals to achieve the agreement. The crossroad GBP/USD continues within the range 1.33 – 1.34 in which is being moved during the last few days while awaiting some news that it does him break for arrives or for down.
EZ 11.00am consumer confidence (Nov.).
— No data.