Economic data in focus as traders track OPEC meeting

Stateside, Federal Reserve Chairman Jerome Powell said the U.S. economy was doing very well, shortly before the Discharge of November employment data.

Financial markets are likely to closely monitor the Discharge of U.S. payrolls data on Friday, amid concern the U.S. economy could be heading for a tough patch after years of robust growth.

In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, rose 0.4 percent on Friday.

Back in Europe, Germany could be about to find out who is usually likely to replace Chancellor Angela Merkel as the country’s largest as well as dominant political party holds a crucial election on Friday.

In October, Merkel announced she might not run for the post as well as has effectively started out to wind down her political career.

Elsewhere, Denmark’s Danske Bank is usually scheduled to hold an extraordinary general meeting to elect a brand-new chairman as well as vice chairman Friday afternoon. the item comes after the bank’s largest shareholder ousted the head of Dankse Bank’s board This particular month following a money laundering scandal.

In energy markets, oil prices added to recent losses Friday morning as OPEC delayed a decision over output cuts. The influential cartel as well as its allied oil-producing nations are set to debate the terms of production cuts in Vienna, Austria on Friday.

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