Daily wrap up – 23 November

23 Nov 2017 10:19 PM

The most important news of the day was the continuation of positive data in the euro zone, showing further signs of continued recovery in the zone. Purchasing managers' indexes in the Eurozone as well as Germany and France recorded their highest levels in several months, providing further support for the euro.

At the same time, the European Central Bank's meeting minutes supported the recovery, but it showed some members' concern that inflation figures still away from the target. The EURUSD currently trades at 1.1850 levels.

In Brussels, European negotiators are expected a visit from British Prime Minister Theresa May tomorrow and the possibility of raising the offer for Brexit, as they are waiting for the summit to be held mid-next month. On the other hand, Britain's second GDP estimate was 0.4% as expected in the third quarter of 2017.

Also, from today's highlights were oil prices, which continued to rise to reach levels of $58.50 a barrel, and the markets are waiting for the meeting of oil producers on Thursday, which are expected to extend the agreement cut production beyond March 2018.

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