Europe’s Markets to Remain under Pressure, As Investors Await the G20 Summit and OPEC+ Meeting Outcomes

Europe’s investors’ eyes are on the G20 summit to be held from November 30 to December 1 in Argentina. Investors expect that some new arrangements might be worked out by the US and China that would hopefully help to break the trade impasse. The positive expectations are driven by the US President Donald Trump’s saying earlier that he intends to discuss the situation with the Chinese leader on the sidelines.

Another main focus for European traders is Brexit terms that remain a front-burner concern even though key agreements seem to have been reached between Brussels and London. Meanwhile, new setbacks might still occur. Previously, the sticking point had been a rift over Gibraltar, as Spain had contested the disputed territory’s status and threatened to veto the Brexit withdrawal agreement. But eventually the UK and Spain have struck a Brexit deal over Gibraltar.

On the positive side, the European indices might be underpinned by the euro weakening versus the US dollar, as investors become less attracted to high-risk assets including high-risk forex investments and now tend to prefer buying robust currencies like US dollar.

And on the negative front, oil prices continue to face pressures even though some OPEC members, primarily Saudi Arabia, have been sending out signals that the decision to curb oil production might be taken in the OPEC+ key meetings to be held in Vienna from December 5 to December 7.
Ivan Marchena, Libertex Analyst

Libertex is an international brand with a twenty years history in financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 150 commercial instruments. In 2016, Libertex was recognized by Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU. Libertex is the best trading application and the best crypto currency broker according to Forex Awards 2017.

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This release was published on openPR.