1/ HAPPY BIRTHDAY NATO!
FILE PHOTO: Flags of NATO member countries are seen at the Alliance headquarters in Brussels, Belgium, November 26, 2019. REUTERS/Francois Lenoir
Expect heated debate over Turkey’s threat to vote against a defense plan for the Baltics and Poland unless NATO recognizes the Kurdish YPG militia as terrorists. Unlikely, given the YPG helped defeat Islamic State. So how do they pacify Turkish President Tayyip Erdogan while keeping the YPG on side? Waves of violent protest and social discontent sweeping across Latin America have already brought down Bolivia’s government and pushed currencies from Chile to Colombia to record lows while showing little sign of abating.
A forecast-beating number could further boost Wall Street where stocks have repeatedly hit record highs. But markets are on the look out for any signs of weakness; after all, labor markets are “not that strong everywhere”, UBS economists note, pointing to pockets of manufacturing and agriculture weakness.
The IPO will be the elephant in the OPEC meeting room because the oil price at the time will be key to the listing, expected in mid-December.
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