Investors are closely monitoring the signs of a growth slowdown in China
The European stock markets are doing their best to close the last session of November on a positive note, with the Ibex-35 rising 0.3%, allowing the indicator to remain at 8,300 points. A level that would mean closing the month with a cumulative increase of more than 4%.
However, the session was marked by a certain caution ahead of the conference that Federal Reserve (Fed) President Jerome Powell will give with European markets already closed to the Brookings Institution. This is the last public intervention from a member of the organization before the last meeting of the year between December 13 and 14, when interest rates will rise again.
Investors are therefore waiting for new indications of whether this increase will be 50 or 75 basis points, with an assessment of the state of the US economy and the labor market.
The market will also see an intense battery of macroeconomic data, including new references in China that already show a further slowdown in economic growth in November. Specifically, the official manufacturing sector leading index stood at 48 points, down from the 49 expected by the consensus and up from the previous month’s 49.2 points.
On the commodities market, the price of a barrel of Brent, a benchmark in Europe, is trading with gains of 2% to $86.7, while US West Texas is trading above $80.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
