CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Economic calendar: Watch out for trade headlines

07:06 3 December 2019
  • Trump expected to meet Macron during NATO summit

  • OPEC Joint Technical Committee to review market fundamentals

  • ECB members and nominees scheduled to speak today

Trade-related headlines

Donald Trump will be attending NATO summit in the United Kingdom over the next two days. As world leaders are often pressed by journalists during such events, traders should keep on guard and look out for any trade-related headlines. A point to note is that Donald Trump is also expected to meet with the French President Macron today so one should look out for new hints on US-France trade relationship.

OPEC prelude

OPEC cartel will meet on Thursday, December 5 in Vienna to discuss the future of output cut agreement. Similar talks will be held the next day (Friday, December 6) but this time with non-OPEC members, like Russia, participating as well. However, OPEC’s Joint Technical Committee will meet today to review markets’ fundamentals ahead of Thursday and Friday's meetings. Oil traders should follow news stream carefully as even comments from lower profile OPEC officials could trigger some moves on the crude market.

Data releases to watch today

  • 10:00 am GMT - Euro area, PPI inflation for October. Expected: -1.9% YoY, previous: -1.2% YoY

  • 9:40 pm GMT - API crude oil stockpiles. Expected: -0.9 mb

Central bankers’ speeches

  • 8:00 am GMT - ECB nominee Panetta

  • 8:15 am GMT - ECB’s de Cos

  • 9:15 am GMT - ECB nominee Schnabel

  • 1:30 pm GMT - Riksbank’s Jansson

  • 5:30 pm GMT - ECB’s Coeure

  • 7:10 pm GMT - RBNZ Governor Orr

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