News, Trends & Analytics 13.11.2019

Trump to Release More Transcripts Amidst Impeachment Probe


U.S. President, Donald Trump, promised to release another transcript to the public following the continued Congressional impeachment probe. The statement is the latest in political wrangling over questions about potential abuses of power. Affects USD

Italian Economy Minister, Roberto Gualtieri, announced that Italy’s GDP was not only back to positive, but that it 0.6% GDP growth for next year is “widely reachable”. The news follows 3rd quarter GDP growth of only 0.1% and 6 quarters of near stagnation in the Eurozone’s 3rd largest economy. Affects the EUR

The Chilean Peso fell over 1% at market open on Tuesday versus the U.S. dollar. The drop is largely due to the current protests and instability in the country, which have left 20 people dead and many injured. Affects the CLP

German economic sentiment improves significantly over last month according to a survey by ZEW released Tuesday. With the possibility of U.S. tariffs on European cars looking less likely, investor confidence in Germany is on the mend according to several analysts. Affects the EUR

Turkey’s Erdogan threatens to end EU talks after sanctions were placed on Turkey for drilling off the coast of Cyprus. The controversy comes ahead of a scheduled visit to Washington D.C. by the Turkish leader. According to the EU, the drilling violates existing agreements regarding the region, but Erdogan stated that it remains within Turkey’s rights to drill. Affects the TRY

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