- phase in U.S.-China negotiations
Last Friday, President Donald Trump confirmed that China recently sent a list of compromises to reach a trade agreement.
“China wants to make a deal.” He told reporters in the Oval Office during the signature ceremony of a cyber-security bill.
“They sent a list of things that they're willing to do, which was a large list,” he added.
According to U.S. media reports, the list includes over 140 trade items but does not address some of the key demands of the White House such as technology transfers and intellectual property theft.
All developments regarding the negotiations between the two largest economies will be closely monitored this week.
- Khashoggi report on watchlist
The report by the U.S. administration on the killing of Saudi journalist Jamal Khashoggi is another important agenda item this week. Trump said Saturday there will be a “very full report” on the matter by Tuesday.
The report will play a pivotal role in the steps Washington will take, which in turn could have geopolitical repercussions affecting markets.
Other agenda items to be monitored this week are macroeconomic data. Investors are likely to focus on indicators for the housing sector.
After mid-week, the U.S. agenda looks calm due to the Thanksgiving holiday in general. However, the retail industry will be closely watching the sale numbers throughout the holiday weekend, namely Black Friday and Cyber Monday where large discounts are offered both in shops and online.