posted at 23:50
Author Name: Mike Bird
European Markets Open Nov 25 2014
Rob Griffith/ReutersThe OPEC cartel of major oil-producing countries begins a meeting this week. Good morning! Here are 10 major stories you need to know about before markets open in London and Paris. Hong Kong authorities encountered little resistance as they began clearing part of a pro-democracy protest camp in the bustling district of Mong Kok on Tuesday following a court order to reopen a road. Saudi Arabia May Resist Calls To Cut Oil Output At This Week's OPEC Meeting. OPEC's biggest crude producer Saudi Arabia will have its sights set on the upstart US shale oil business at a crucial cartel meeting to debate possible output cuts on Thursday. Investors were not expecting the exit of Louis Chenevert, CEO of the US manufacturer that makes Sikorsky helicopters, according to the Financial Times. US Prosecutors Are Taking Their FX Probe To The UK. US prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running probe, sources told Reuters. General Motors Is Expecting Sluggish Demand Everywhere But The US. General Motors President Dan Ammann on Monday said he expects "More of the same" next year from a US auto market that has been growing slowly, while he is bracing for continued soft demand in other parts of the globe. The second estimate of US Q3 growth will be out at 1.30 a.m. GMT, with economists expecting a 3.3% annualised expansion.

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