Economic data due from Asia today — Japan GDP the biggie

On the calendar today2330 GMT  — Australia — Westpac monthly consumer confidence (November) prior +3.6% to 101. 2350 GMT — Japan — Q3 preliminary GDP GDP (seasonally adjusted), preliminary, q/q: expected  0.4%, prior 0.6% GDP Annualized (seasonally adjusted), preliminary y/y: expected 1.5%, prior 2.5% GDP Nominal (seasonally adjusted), preliminary q/q: expected 0.6%, prior 0.7% GDP Deflator […]

US WTI crude oil futures settle down sharply on the day

Settle at $55.70 per barrelUS WTI crude oil futures are settling the day down sharply.  The contract is closing at $55.70 per barrel, down $1.06 or 1.87%.The low extended to $55.18. While the high reached $56.77.The contract fell today on the back of forecasts for rising U.S. crude output and a more sanguine outlook for […]