The ECB tried to remind markets yesterday that the reality is not as joyful and cloudless as it seems this week. The of Europe has warned that European banks may face a wave of defaults on loans, and in order to somehow protect themselves from this, banks are advised to increase reserves. In addition, the ECB said that the some assets may collapse at any moment.
Yesterday's data from the US (which had a double doze due to the weekend today) also tried to bring the markets back to the ground. Primary unemployment benefits came out much worse than forecasted and higher than the previous value. That is, the outbreak of a pandemic in the United States, despite the absence of a full-fledged lockdown, does not go unnoticed for the economy. US GDP for the third quarter was left unchanged.
France, meanwhile, said it would start collecting a tax on digital services. So digital giants like Amazon, Facebook and others can get their wallets ready.
According to official data, oil stocks in the United States decreased by 0.75 million, which, due to the insignificance of the number, should not be interpreted as a signal of a deficite in the oil market. The fate of the oil itself, apparently, will be decided at the OPEC + meeting November 30 - December 1.