Wednesday, 25 November 2015

US MARKET NEWS 26 NOVEMBER 2015

First on Monday, the IMF is expected to grant China's yuan reserve currency status. The yuan would be included in the fund's Special Drawing Rights basket which, while largely symbolic, would elevate the currency and China's influence in the global economy.
Next Friday's US November jobs report is the highlight of the week because it is the last big piece of data for the Fed to mull before its rate hike meeting Dec. 15 and 16. But then there's the European Central Bank's meeting next Thursday, where it is expected to expand its easing program and the diverging central bank policies should continue to play out in markets.

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