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7:20 AM · 30 November 2020

Economic calendar: OPEC+ talks in focus

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  • European markets seen opening lower

  • OPEC+ ministerial talks

  • Flash inflation data from Europe

European stock markets are seen opening lower following a lacklustre Asian session. Today's economic calendar is dominated by flash inflation data from Europe as well as some housing market data from the US and Canada. However, the big event of the day is OPEC+ meeting. Oil producers failed to reach consensus on output cuts yesterday and some significant differences remain. Talks will continue today and possibly tomorrow with markets hoping for a 3-6 month extension to current supply limits.

8:00 am GMT - Spain, HICP inflation for November. Expected: -0.8% YoY. Previous: -0.9% YoY

9:00 am GMT - Poland, GDP report for Q3 (revision). First release: 7.7% QoQ

10:00 am GMT - Italy, HICP inflation for November. Expected: -0.4% YoY. Previous: -0.3% YoY

1:00 pm GMT - Germany, HICP inflation for November. Expected: -0.5% YoY. Previous: -0.5% YoY

1:30 pm GMT - Canada, building permits for October. Expected: -3.8% MoM. Previous: +17% MoM

2:45 pm GMT - US, Chicago PMI for November. Expected: 59. Previous: 61.1

3:00 pm GMT - US, pending home sales for October. Expected:+1% MoM. Previous: -2.2% MoM

Central bankers' speeches

  • 10:30 am GMT - ECB President Lagarde

  • 2:00 pm GMT - ECB Hakkarainen

Noteworthy US earnings releases

  • Zoom Video Communications (ZM.US) - after session close

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