Thursday, November 26, 2015

THE WEEK AHEAD


Christmas is not here yet, but it's beginning to look a lot like next week will be one of 2015's most important if the schedule on tap is any indication.

Even in a Thanksgiving holiday lull, financial markets are gearing up for a week of drama.
"Next week could be one of the most important weeks of the whole year," said Marc Chandler, head of foreign exchange strategy at Brown Brothers Harriman. U.S markets are closed for the Thanksgiving holiday Thursday, and stocks trade in a shortened session Friday. So by Wednesday the market focus was already on the coming week, and for investors worldwide, it's a busy one.
First on Monday, the IMF is expected to grant China's yuan reserve currency status. The yuan would be included in the fund's Special Drawing Rights basket which, while largely symbolic, would elevate the currency and China's influence in the global economy. More:
cnbc.com/2015/11/25/why-markets-see-next-week-as-among-most-important-of-year.

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