The G20 meeting kicks off in Buenos Aires today and alongside the Eurozone inflation data are going to be the key economic events for the day, according to analysts at Danske Bank.
“Focus will be on signals from the US and Chinese officials ahead of the ever important Trump-Jinping meeting tomorrow, which will aim at resolving the trade dispute between the two countries.”
“We look for a ceasefire. Also in focus are statements by world leaders on the role of Saudi Arabia's crown prince in the killing of journalist Jamal Khashoggi and renewed tensions between Russia and Ukraine.”
“In relation to economic releases, the November flash inflation numbers are due today in the euro area. In October, core inflation finally took off and rose to 1.1% y/y and headline inflation remained above the ECB's target, coming in at 2.2 % y/y in October - the highest rate since 2013. However, headline inflation was driven mainly by rising energy prices and as oil prices in EUR terms have fallen from EUR63 to EUR55 per barrel since the beginning of November, we expect this print to come in at 2.0% y/y and for the core to remain at the current level.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.