Global Economic Daily - 13/11/2023

NEWS AND MARKET COMMENTARY

Global Equities

• Stocks Rally to Cap Another Winning Week
• European Markets Close Down 1% After Fed Chair Powell Comments; Diageo Slides 12%

Global Fixed Income

• Euro Zone Bond Yields Rise After Hawkish Remarks From ECB Officials, Powell
• 10-Year Treasury Yield Little Changed as Investors Consider Inflation Outlook

Currencies

• Dollar Dips Against Euro, Gains on Yen as Fed Policy Stays in Focus
• Pound Sterling Weakens on UK’s Stagnent GDP, Weak Factory Data, Risk-Aversion Mood

Energy

• Concerns Mount Over China’s Crude Oil Demand
• Crude Oil Plunges

Metals

• Gold Markets Plunge for the Week
• Silver Continues to Grind

Global Politics/News

• Consumer Sentiment Falls in November, Inflation Expectations Reach Highest Since 2011
• Russian Forces ‘Trying to Surround’ East Ukraine Stronghold; Germany Pledges to Meet NATO Target?

Relevant Government Reports

World Agriculture Supply and Demand Estimates (WASDE)

USDA Agency Reports

Producer Price Index (PPI)

Consumer Price Index (CPI)

U.S. Treasury Report

Fed Report

EIA Reports

EIA Summary

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No Commentary

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DISCLAIMER: The Information and data contained herein was obtained from sources deemed reliable. The accuracy and completeness are not guaranteed

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