1. Gold Set For Best Week Since August, NFP Data Eyed…
Gold prices edged higher on Friday and were on track for their best week since August, as the dollar weakened on a dovish outlook by the U.S. Federal Reserve. Markets will now be focusing on the U.S. nonfarm payrolls data, due to be released at 13:30 GMT, for clues about the health of the world’s biggest economy. Non-farm payrolls for November are expected to fall by 200,000 jobs. This could cause the dollar to weaken further and push gold prices higher.*
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2. Oil Prices Drop On OPEC’s Decisions
Oil prices dropped on Friday, pulled down by OPEC’s decision to delay a final decision on output cuts, awaiting support from Russia. Specifically, international Brent crude oil futures (CL_BRENT) fell below $59.88 per barrel early in the session, down 9 cents from their last close. U.S. West Texas Intermediate (USOIL) crude futures were last at $51.31 per barrel, down 18 cents, or 0.4 percent.**
3. Wirecard Shares Skyrocket On Wizz Air Deal
Wirecard, the global innovation leader for digital financial technology, is expanding its long-standing collaboration with Wizz Air, the largest low-cost carrier of Central and Eastern Europe. From now on, Wirecard will be offering payment processing services in addition to acquiring services via the IT platform of Navitaire, an Amadeus company. WDIG shares added 3.8 percent in early Friday trading and were last seen at €134.450 as of 8:30 GMT.***
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*Source: Forbes, Dec 7 Nov 21, 2018, 6:25 AM GMT
**Source: Reuters, Dec 7 2018, 4:16 AM GMT
***Source: CNBC, Dec 7 2018, 3:03 AM ET