Trump Speech in Focus | German ZEW Sentiment Rises
Published November 12, 2019
President Donald Trump is due to deliver remarks at the Economic Club of New York later today. Markets will be closely watching for any comments today on trade talks with China as Trump might address the US-China recent trade developments. The dollar index was trading higher at 98.32 levels before the key speech.
The German ZEW economic sentiment improved significantly to -2.1 in November, up from the last reading of -22.8 and against the expectation of -13.2. The Euro was largely unfazed by the improvement and was trading flat at 1.1019 levels against the greenback.
The US-based rating agency Moody’s cut its global sovereign outlook for 2020 to negative from stable on Monday. The rating agency said in a statement that disruptive and unpredictable world politics would slow growth and increase the risk of economic or financial shocks.