OIL-Barrel rises driven by hopes for vaccine, despite increased inventories in the US


Industrial production; Fernández inaugurates works: Argentina Today

(Bloomberg) – In Argentina, the Indec publishes at 4pm the October data for industrial production and construction activity. President Alberto Fernández resumes the official agenda after the long holiday and leads the inauguration of public works in twelve provinces at 11:30 am, at the Bicentennial Museum. The delegation of the economic team that traveled to Washington last week continues to hold meetings with members of the technical staff of the International Monetary Fund, to advance a new agreement; Economy Minister Martín Guzmán said yesterday in a call with the Gramercy fund that the country could experience a virtuous circle if it ensures a multi-year program with the IMF. Internationally, world stock markets advance to another all-time high, as the hopes of a stimulus agreement in the United States overshadowed fears about a resurgence of coronavirus cases. 10-year Treasury yield rises and Bloomberg Dollar index declines alongside the MSCI emerging markets currency index. Brent oil remains close to USD49.ARS -0.1% to 81.65 / USD in the previous day Counted with liqui + 2% to 148.7 / USD in previous day Country risk EMBI -3.9 to 1456 Reserves + USD10m to USD38, 7mm 7-day Leliq rate stable at 38% All events in local time INTERNATIONAL: Treasury Secretary Steven Mnuchin made a surprise re-entry into talks about a pandemic aid package, with a proposal of USD916 billion, which potentially opening a new path for a year-end deal despite objections from Democrats about elements of the plan It is the Trump administration’s first move since Election Day, and it comes a week after leaders Democrats in Congress reject their demands for a multibillion-dollar package Germany saw its highest daily death toll from the coronavirus yesterday, bringing the death toll in the country to more than 20,000 and leading to a petition from Chancellor Angela Merkel in Parliament. to do more to stop the spread of the virus For its part, the UK vaccination program continues, and a report by staff from the US Food and Drug Administration (FDA) noted that there are no safety concerns that would prevent the vaccine from Pfizer Inc.- BioNTech BE obtained authorization for emergency use TO BE PENDING: In Argentina: 11:30 am: President Fernández leads the inauguration of works for twelve provinces at the Casa Rosada Bicentennial Museum 4pm: Indec publishes data for October industrial production and construction activity. Previous: 3.4% y / y and -3.9% y / y respectively5: 30pm: Minister of Agriculture Luis Basterra meets with the Agri-Food Council International: 12: 00pm: Canada deciding rates12: 00pm: US wholesale inventories major oct. F; m / m est. 0.9%, previous 0.9% 12:30 pm: US crude inventories Dec. 4; its T. -1.04m barrels, previous -679,000 barrels 6:30 pm: Brazil rates decision Fed Agenda: No public events scheduled until Dec. 11This week: Dec. 10: ECB, Peru rates decision Relevant agendas: South AmericaUSA MexicoBrazilEuropeNEWS: Guzmán from Argentina said that a program with IMF could boost virtuous circle and PF downgraded to underperformance in Grupo Santander; PO ARS585 Province of Chubut initiates consent request for bonds maturing 2026 Province of Buenos Aires extends debt swap until January 4 INDICES: At 9:42 am, this was the performance of the main indices: BRL + 0.4% vs USD at 5.1019 EUR stable vs USD at 1.2107 WTI crude futures + 0.2% at $ 45.71 S & P 500 Futures + 0.2% Ibovespa futures + 0.1% Soy futures + 0.7% at $ 423.89 / ton PREVIOUS CLOSE : BONO / FX 3-month ROFEX futures stable at 93.87 / USD on Dec 04 NY 3-month futures stable at 99.35 / USD on Dec 07 USD / ARS -0.1% to 81.65 / USD on Dec 04 Global Bond maturity 2030 +0.09 cents to 38.28 cents on the dollar RATES / BCRAT 7-day Leliq reference rate at 38% on Dec 04 Reserves + USD10m to USD38.7mm on Dec 04 For more articles like this , please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source. © 2020 Bloomberg LP

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