Markets are keeping a close eye on developments in geopolitics, negotiations between the US and China, and sanctions imposed on Russian energy giants ahead of potential peace talks between Ukraine and Russia. Oil is gaining value today, while gold is also seeing a nearly 0.7% rebound. 

As for today’s session itself, it will not include too many publications of key market importance, which is still related, among other things, to the suspension of US government activities.

What to look out for today?  (CET time)

1:00 p.m. – Turkey, interest rate decision. Forecast: 39.5%. Previous: 40.5%.

2:30 p.m. – Canada, retail sales for October. Forecast: 1% m/m. Previous: -0.8% m/m.

16:00 – US, pending home sales for October. Forecast: 4.06 million. Previous: 4.0 million.

16:30 – US, EIA data on natural gas inventories. Forecast: 78 bn. Previous: 80 bn.

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