SHANGHAI, Nov. 29 (SMM) – Germany’s November CPI slated for release today is expected to be 0.8% as European Central Bank’s stimulus measures helped eurozone economy recover.
Conference Board’s November CCI for the US will be released this evening, and is expected to rise. US CCI appeared to have improved as Trump is expected to push stimulus measures. Besides, US revised actual Q3 GDP and revised annualized and seasonal PCE will also top flash data, which will support the US dollar index.
Base metals mostly fell overnight. US long-term government treasury rate increased with growing market expectations of a Fed rate hike later this year. A rising US dollar index forced capital out of emerging markets. The People’s Bank of China raised capital cost. Monetary policy in and outside China is expected to tighten. Investors should be wary of risks after overbought of base metals.