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German bank raids; G20 summit; Oil in focus



Trade is high on the agenda of the G20. Investors will monitor talks between the United States and China for signs of a breakthrough that would ease tensions and avoid more tariffs.

President Donald Trump and his Chinese counterpart Xi Jinping will have dinner on Saturday.

"I think we are on the brink of doing something with China, but I do not know that I want to do it, because we now have billions and billions of dollars that come in the form of tariffs or in the form Taxes, "Trump told reporters on Thursday.

2. Oil prices in focus: The price of US crude oil has so far fallen by about 22% in November. Oil futures fell another 1% on Friday to below $ 51

as concerns over oversupply continued to worry.

Russian President Vladimir Putin and Saudi Arabian Crown Prince Mohammed bin Salman, leader of the world's two largest oil producers, will meet at the G20 this weekend

The two countries are key signatories to an agreement that reduces supply and raise prices. It is said that OPEC and Russia could agree further cuts in Vienna next week.

That's exactly what Trump does not want. Last week he tweeted to Saudi Arabia for keeping prices low, but let's go deeper, he added.

. 3 More trouble for Deutsche Bank: German authorities raided the Deutsche Bank (DB) offices in Frankfurt on Friday as part of a potential money laundering investigation.

The shares of Deutsche Bank fell by another 2%. This means a total loss of 48% for 2018.

The prosecution says Germany's largest lender is under suspicion of helping clients set up offshore companies in tax havens. The investigators also check whether Deutsche Bank has not reported suspicious transactions.

The investigation was conducted against a background of continued questions about the Bank's business strategy and direction.

. 4 World Market Overview: US stock futures pointed down.
European markets opened in negative territory, while equities in Asia ended the session mixed.
The Dow closed on Thursday at 0.1%. The S & P 500 lost 0.2% and the Nasdaq lost 0.3%.
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5. Economics: The Federal Reserve on Thursday paved the way for a rate hike in December, but sent a clear signal to investors that they would raise their interest rates in 2019 with a plan greater flexibility.

The US Federal Reserve's Political Session in November showed that "almost all participants agreed that a further rate hike would be needed 'fairly soon' if the incoming data matched current policy makers' expectations would.

The Canadian GDP report for the third quarter will be released at 8:30 am ET.

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6. Next week:
Friday
– G20 begins in Argentina


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