November 30th, 2015

Daily Market Commentary



  • The Current Account in Canada in Q3 was reported at -$16.21B.
  • The Consumer Price index in Germany was up 0.1% and 0.4% in month-over-month and year-over-year terms, respectively.
  • GDP in Portugal was flat and up 1.4% in quarter-over quarter and year-over-year terms, respectively.


  • Oil headed for its largest monthly drop since July as Iran signaled the Organization of Petroleum Exporting Countries won’t reduce its production target at a meeting this week.



  • BlackBerry Ltd. said it’s shutting its Pakistan operations to avoid allowing authorities in the nation to monitor its main business enterprise server and e-mail messages.

United States:

  • S. Index Futures little changed as investors are holding off on placing large stock bets, waiting for a slew of economic releases this week.
  • JPMorgan Chase & Co., the world’s biggest investment bank by revenue, is leaving its bonus pool roughly unchanged from 2014, adding to pressure on weakened rivals, according to people with knowledge of the plan.
  • Online shoppers outnumbered their brick-and-mortar counterparts during U.S. retailers’ pivotal Black Friday weekend, underscoring the challenges facing American malls this holiday season as Inc. exerts more pressure.


  • European stocks traded near a three-month high as investors awaited an increase in European Central Bank stimulus at this week’s meeting.
  • Delta Lloyd NV plans to raise as much as 1 billion euros ($1.06 billion) in a rights offer as the Dutch insurer seeks to improve its capital to meet new regulatory standards. The shares dropped.
  • K. regulators have cracked down on corporate wrongdoers following a series of scandals, including the rigging of Libor and foreign currencies, handing out record fines and seeking more criminal penalties.
  • Volkswagen AG submitted fixes for all three of its dirty diesel motors in Germany, a proposal that, if approved, would provide a template for the 8.5 million cars affected by the company’s cheating on emissions in Europe.
  • Asian stocks fell as Chinese shares were whipsawed after their biggest one-day selloff in three months. Consumer-staple and utility companies led losses on the benchmark index at the start of a pivotal week for the region’s markets.
  • The world’s biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped $64 billion off the Japanese asset manager’s investments.

*All information is taken from Bloomberg, unless otherwise noted.