Morning Update – 14/11/2017 – by Arjun Lakhanpal

Morning all.. A very quiet session in the US yesterday saw the S&P close marginally higher and the same applied to Asia where the Nikkei closed unchanged on the day in another very quiet session which trapped the USD in a very tight range overnight. Shares in China slipped after the country’s economic expansion dialed back a notch as factory output, investment and retail sales all decelerated. Australian stocks underperformed regional markets as Royal Dutch Shell Plc sold its entire stake in Woodside Petroleum Ltd., sending its shares down the most in a year. Bond yields in Australia advanced for a fourth day after solid business confidence data that also gave a leg up to the Aussie dollar and after short-term U.S. Treasury yields climbed ahead of key U.S. economic data this week. The pound stayed weak amid renewed political pressure on U.K. Prime Minister Theresa May. Bitcoin clawed back some losses after extending its slump from last week’s record high to as much as 29 percent. Today the attention shifts to appearances from Mario Draghi, Janet Yellen, Mark Carney and Haruhiko Kuroda at a European Central Bank conference. U.S. inflation and retail sales numbers that could influence Federal Reserve interest-rate hike odds are on the docket later in the week. This morning we get Spanish and Swedish CPI, Italian GDP, UK PPI and CPI data, EU GDP and German ZEW data. A busy morning ahead.. Good luck…