Today's slide deck: bit.ly/2Rp5xmb
In today's call, we discuss the ugly German industrial production print for October showing the worst decline since the Great Financial Crisis. Aramco's IPO hit the highest end of the pricing range valuing the company at $1.7trn. With the OPEC+ meeting taking place these days a lot is at stake for Saudi Arabia to support oil prices in order to give Aramco a good start. We also discuss today's Nonfarm Payrolls release which we expect will be solid as recent initial jobless claims show that the US labour market is still robust.
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