Top 5 things to know Thanksgiving holiday is over, it’s now time for shopping. Black Friday is a painful day for retailers and clothing retailers. While from Europe we see better than expected data, which reduces the likelihood of the European Central Bank to pump stimulus next month. Hong Kong is witnessing a sharp liquidation, before what we expect to be a holiday filled with demonstrations, here’s the most important thing to know about financial markets on Friday, 29 November.
Top 5 things to know
1.Friday, retailer test
Is Black Friday beating more nails in the coffins of American retailers? The sector will be monitored more closely than usual, following disappointing results from (NYSE: Coles) and from JC Penney for the third quarter.
Clothing stores are also under pressure, after a difficult year, and Gap announced the resignation of its CEO, Art Beck, after a difficult third quarter.
Can NASDAQ: Amazon acquire new business to justify its latest earnings report? NYSE: Wal-Mart and NYSE: Target are expected to perform better than expected due to the harvesting of the fruits of online sales.
2.Hong Kong Filter, fight Huawei
Global stocks came under pressure during the day as hopes for a trade deal between the United States and China dimmed after Trump signed a bill in support of human rights and democracy in Hong Kong.
The Shanghai Composite Index fell 2%, ahead of the expected mass rallies over the weekend, after the situation was relatively calm over the weekend, and Hong Kong voted in favor of candidates sympathetic to democratic demonstrations.
The Wall Street Journal reports: Huawei, a Chinese technology giant and a trade warfare, will address the latest Federal Communications Commission rulings that hinder his work with US consumers.
3. High CPI in the euro area, Germany cheered
Eurozone inflation rose to beat expectations in November, according to preliminary earnings released today by Eurostat. This reduces the pressure on the ECB, its new president, Christine Lagarde, to take any easing measures during the policy meeting in two weeks.
The core annual CPI rose 1.0% from 0.7%, while the core index rose to 1.3%, its highest level in 6 years. This is likely to increase opposition to any new stimulus measures.
From Germany, there was better news. The German labor market is brilliant, with the unemployment rate unexpectedly dropping by 16,000 in November, contrary to expectations for an increase of 6,000.
The EUR remained stuck against the USD at $ 1.1000.
4. Johnson undertakes not to impose an income tax or value added
British Prime Minister Boris Johnson has vowed not to raise income tax or VAT if his party wins the December 12 general election. He also promised, in a meeting on a radio station, that the UK would be out of the EU as scheduled on January 31, if the Conservative Party wins a majority.
Johnson also prompted the US president not to interfere in the campaign when he visits the UK next week ahead of the election. The rapprochement between Johnson and Trump increases the likelihood of conservatives losing.
Despite this, conservatives are able to weather the storm over the alleged destruction of the health care system and its expenses. Conservatives receive support from the Labor Party being held hostage to allegations of misleading voters.
5.Canadian dollar before Q3 growth
Without any US data released today, Canada will be the focus, with today’s GDP figures coming out at 16:30 Mecca time. Analysts expect growth from the beginning of the year to date to reach 1.2%, before rising to 3.7%.
The Canadian dollar weakened 0.5%, reaching a 5-month low, amid expectations the Bank of Canada will support the economy.
The difference between a suitability assessment and a sustainability assessment
The difference between a suitability assessment and a sustainability assessment in a project feasibility study A feasibility study consists of several key points
It greatly helps in the success of this study, as all steps must be implemented and none of them should be ignored
This is because they work in a circular motion, which are rings that complement each other and help in the success of the project when one of the links is lost
This leads to an imbalance and the inability to implement the feasibility study at the same level of feasibility required,
So in this article, we will explain to you what is the difference between a suitability assessment and a sustainability assessment in a project feasibility study.
Watch here