 Okay, hello and welcome back to the channel and yeah quick look ahead of what to expect in this week in global markets and from a data Perspective pretty quiet actually because we do have a holiday short and week Impacted by US Thanksgiving so market closures on Thursday and early electronic closures in the US on Friday It does mean then that Wednesday is probably the main calendar day for economic data We get some housing figures durable goods out of the US as well as global flash PMIs for November coming out of Europe Elsewhere we're gonna talk a little bit about China a little bit of an idea of two step forwards one step back when it comes to their Covid-related rules because renewed enforced lockdown seen overnight has weighed on Asian equities and could well impact the open here for European and US trade to get the week underway Update on Fed speakers. What is going to be the size of the increment rate rise that we'll see in December a couple of Comments to get you up to speed on and then also this which is Elon Musk's tweet overnight This is genuine stuff. This isn't me trying to be provocative here Elon Musk trying to tease Trump back onto the platform after he reinstated the former president following a public poll that he did Which I'll cover as well But let's get straight into this and talk about firstly what's been going on in China Where China saw its first COVID related deaths in almost six months on Saturday followed by another two on Sunday The worsening outbreaks across the nation are stoking concerns then the authorities may again resort to harsher restrictions in order to Minimize this death toll even though they recently called for a loosening of quarantine and mass testing rules So we've had a complete reversal then Of what was happening in front in terms of a market perception around this zero tolerance policy approach And that has them weighed consequently on Asian equities overnight This is a look at the Hangsang where Hong Kong stocks are set for the biggest loss since early November on COVID concerns They were down about three and a half percent at one point in overnight trade And again It does buck the trend of what we've seen from some large financial institutions Morgan Stanley Bammell Franklin Templeton investments as a growing list of strategists and money managers have all been saying that they're fairly bullish on the market on Newfound optimism over China's economy given the heavy losses that was seen in October And what was apparent a little bit of a softening of the rhetoric on the COVID approach from China? But they're kind of walking that back a bit So something to just keep an eye on and given that the fact that Monday session from a calendar point of views fairly quiet It could well impede a little bit of sentiment to get things underway this week Other things then is Fed speak the latest here has come from two members feds Bostick and feds Collins Bostick a non-voter Collins a voter So do you keep that in mind for context? But Bostick said he favours slowing the pace of interest rate increases with no more than a one percentage point More worth of hikes to try to ensure the economy has a soft landing Meanwhile Collins who is a voter reiterated the view the options are open for the size of December rate increase Including the possibility of 75 basis points are still keeping that on the table as far as markets are concerned the current implied probability in the short end is Reflective around a 78 percent probability in leaning of a 50 basis point rate rise at the moment So around 22 percent for a larger size 75 Terms of Trump. Yeah, what what is going on? So basically Elon Musk conducted Public poll via his own Twitter account. It had well over 15 million Twitter users vote on it And it led in favor of reinstating Donald Trump who's been banned I think since the last two years or so obviously given the storming that happened on Capitol Hill The vote was around fifty one point eight percent in favor of putting him back on the platform Trump at the time that this poll was open was urging His followers on true social to jump over to Twitter to vote to put him back on But then followed up and said I won't be returning to the platform because of all the terrible problems that Twitter's having at this moment in time So a bit of a contradictory from from Donald He obviously will have far greater reach on on Twitter You know, we're talking about tens of multiples and millions of followers comparative to the very small isolated community that he has on his own platform so Essentially what he's got to play out here is his financial interest in his own true social platform Against his political ambitions And I think that given the fact that he now a last week is tabled He's running for his presidency in two years time Couple with the indirect payoff that you get then from just generally pursuing that avenue politically from a monetary gain I think it's only a matter of time really before he starts tweeting again I'd go as far as to say he probably will tweet this week and hence the reason why the internet is just absolutely lit at the moment of these memes like Elon's own one about Donald getting a little bit teased about tapping back into the Twitter community So we shall see but as I said from a Canada perspective for this week today's pretty quiet Tuesday likewise Wednesday is really the main day in focus We're looking at ongoing weakness in the housing market data in the US is is probably the likely outcome Durable goods orders should rise given firm Boeing aircraft orders and then looking towards mainland Europe in the UK PMIs for November are likely to reemphasize the fact that more companies are seeing conditions Worse and then improve at this present point in time the later sign of course that the recession is coming Then Thursday, we do have the likes of German IFO But as I said before US stock and bond markets are closed for US Thanksgiving on Thursday Generally speaking obviously barring anything unexpected news flow does also quiet and down quite significantly given the US round of the market And US and bond markets early closure closures will be in effect on Friday as well If you're new to the channel again Other than just subscribing for future videos Do remember if you jump on the home page of the Amphi me YouTube channel One interesting section if you've not seen it as the Amplify school being some really excellent Banking series. So if you're a student Interested in potentially working in investment banking for example in the future There's a great five-part series here talking about how exactly investment bank works from M&A to IPO Book running and launching processes and things like that. You might find that really interesting So do do check that out. Otherwise, look, that's it And I will continue to update via the market maker newsletter Otherwise have yourself a good week ahead. Take care