Calmer tones prevail after Friday’s rout
European indices are up 0.3% to 0.7% while S&P 500 futures are up 0.6% as risk trades are holding up so far on the day. The Omicron variant worries are still the main thing to watch out for but as mentioned earlier, essentially „no news is good news“.

Latest data released by Eurostat – 29 November 2021
Of note, selling price expectations jumped once again from 42.3 revised to 49.0 in November, its highest on record in the report:

Latest data released by the BOE – 29 November 2021
The annual growth of consumer credit remains on the softer side, even if there was a slight improvement to -1.0% in October as compared to -1.7% in September.

Negotiations between Iran and the US, with European diplomats as intermediaries, begin on Monday, November 29, in Vienna.
Talks are aimed at reviving the nuclear accord.

Remarks from a People’s Bank of China official indicating the country’s central bank will be keeping the taps open:
—
report citing Sina.com with the remarks from Wang Xin, director-general of the research bureau at the People’s Bank of China. Speaking at the Caijing Annual Conference this week. More at that link (Bloomberg may be gated)  
These

Risk off reigns
Black Friday sale hits the markets. Did you grab a bargain?
Europe’s Stoxx 600 sees worse day sine June 2020Dow saw the biggest one day drop since Oct 28, 2020Nasdaq closes with biggest one day drop since Sep 28

It’s a greek letter 
So the rumour was it was going to be called Nu (another greek letter that looks like this ‚v‘) . The next letter after Nu would be Xi. It looks weird, and I don’t know the unicode for the keyboard, but here is a picture of it. The left hand letter circled

Limiting movement
The more restrictions of movement that build the worse this will be for risk and oil prices. The US now joining Canada in limiting border access.

Yields falling
and quicker rate hike expectations on virus fears. The weekly chart is showing a strong rejection of 115.00 and, if the close is right, a bearish engulfing bar taking in over a month of price. Technically this opens up a re-test of 112 for next week. 

What’s your thinking like?
 Are you a robust statistical thinker? Have you ever studied statistics and probabilities? Do you rely solely on gut feel and intuition?