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As speculation has intensified, top executives from German carmakers Volkswagen (VOWG.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE), previous targets of Trump’s criticism, are set to visit the White House next week. Once markets have absorbed the fruits of the Trump-Xi exchange, investors may shift focus to at least two events at the end of the week. The Organization of the Petroleum Exporting Countries (OPEC) and its allies meet on Dec. 6-7 and are expected to discuss a possible production cut. Oil prices have fallen by more than 20 percent in November, to make it the biggest monthly drop in a decade black mother of pearl cufflinks uk online.
The United States will also report its widely watched monthly jobs report on Friday. Economists polled by Reuters forecast that the unemployment rate will hold at a 49-year low of 3.7 percent and that year-on-year wage growth will also match the 3.1 percent of October, itself a nine-and-a-half-year high. The figures, if confirmed, should make it a near-certainty that the Federal Reserve will raise interest rates for a fourth time this year at its Dec. 18-19 meeting, even as its chairman Jerome Powell signals a more cautious approach on future rate hikes next year black mother of pearl cufflinks uk online.
FRANKFURT (Reuters) – Several European countries have either ordered vehicle recalls by carmakers over diesel emissions cheating or plan to do so, German weekly Bild am Sonntag reported without citing sources black mother of pearl cufflinks uk online. The paper said France had identified concerns over Nissan’s (7201.T) Juke model as well as the Renault (RENA.PA) Captur and Kadjar models. It also said the Netherlands has ordered the recall of one Suzuki (7269.T) model while Italy is seeking to impose a recall of the Fiat (FCHA.MI) 500x..
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) is not at risk of a takeover, its chief executive told a German weekly paper after its shares fell to a record low on Friday in the wake of a two-day raid related to money laundering allegations. Speculation about a possible merger has continued despite the bank’s dismissal in September of reports that it could consider tie-ups with Switzerland’s UBS (UBSG.S) or German peer Commerzbank (CBKG.DE). “I don’t have any indication of that,” Christian Sewing told Bild am Sonntag black mother of pearl cufflinks uk online. “We are on track to make our first profit for three years. It is only a matter of time before this progress is reflected in the share price.”..
Sewing’s remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance. Police searched the offices of all the bank’s board members, Sewing said. “But that is okay, I don’t have a problem with that. I want this matter to be cleared up as soon as possible,” he told the newspaper. Investigators are looking at the activities of unidentified Deutsche Bank employees alleged to have helped clients to set up offshore firms to launder money, the Frankfurt prosecutor’s office said black mother of pearl cufflinks uk online.