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Deutsche Bank raids; G20 Summit; Oil in focus



Trade will be high on the agenda of the G20. Investors will monitor talks between the US and China for any sign of a breakthrough that will ease the excitement and help avoid more charges.

President Donald Trump and his Chinese counterpart, Xi Jinping, are planning to have dinner on Saturday.

"I think we are very close to doing something about China, but I do not know I want to do it because what we have right now is billions and billions of dollars that come into the US in the form of tariffs or fees, "Trump told reporters on Thursday.

2. Focused oil price: The price of US crude oil has doubled around 22% so far in November. Oil futures dropped another 1

% on Friday to under $ 51, including continued concern for overuse.

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

The two countries are central signatories to an agreement aimed at reducing offer and increase prices. It is talkable that OPEC and Russia can agree on further cuts at a meeting next week in Vienna.

That's exactly what Trump does not want. Last year, he tweeted a "thanks to Saudi Arabia," to keep prices down, "but let's go lower," he added.

3. More Issues for Deutsche Bank: German authorities have conducted a raid of Deutsche Bank's (DB) offices in Frankfurt another day on Friday as part of a survey of potential money laundering.

Share in Deutsche Bank dropped another 2%, giving total losses for 2018 to staggering 48%.

Prosecutors say Germany's largest lender is suspected to help clients establish offshore companies in tax havens. Investigators also look at whether Deutsche Bank has not reported suspicious transactions.

The investigation is, among other things, continuing with questions about the bank's business strategy and direction.

4. Global Market Overview: US stock futures pointed lower.
European markets opened on negative territory, while shares in Asia concluded the session mixed.
Dow closed 0.1% on Thursday. S & P 500 slipped 0.2% and Nasdaq lost 0.3%.
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5. Economy: The Federal Reserve on Thursday paved the way for an interest rate hike in December, but sent a clear signal to investors that it would exercise greater flexibility with its plans to raise prices in 2019 .

Minutes of the November Central Bank November meeting showed that "almost all participants" agreed that another interest rate increase would be needed "soon", whose incoming data is consistent with the policy makers' current expectations.

Canada's third quarter GDP report will be published at 08:30 ET.

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6. Will this week:
Friday
– G20 begins in Argentina


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