SITREP for Nov 20, 2024

Andrew Sheves Good morning.

Three quick headlines.

Russia vetoed a UN Security Council resolution calling for a ceasefire in Sudan’s civil war. [SOURCE - BBC] *Note, Sudan remains one of the world’s worst humanitarian crises but seems overshadowed by the wars in Ukraine and the Levant. Read more on the humanitirna situation in Sudan from ReliefWeb. *

The Tunisian opposition leader was badly injured in an acid attack and had been hospitalized. [SOURCE - Bloomberg] The exact motive remains unclear but Tunisia’s opposition has been slowly whittled away since Kais Saied’s unconvincing electoral victory in October.

The Danish Navy is reported to have detailed a Chinese vessel in connection with Monday’s severing of an undersea telecoms cable between Germany and Finland. [SOURCE - Defence24]

Commodity and Rate Snapshot

🛢️** Crude Futures (WTI)**

$69.78

💵 **USD:EUR **

$1.055 (Price of 1EUR in USD)

₿ Bitcoin

$93,322

As at Nov 20, 06:00ET -Data is illustrative, not for decision-making.

Financial data via Bloomberg, Freightos and AlphaVantage

Europe Stability Ratings and News Summary

More Unstable

🇦🇱 Albania, 🇦🇹 Austria, 🇧🇾 Belarus, 🇧🇦 Bosnia And Herzegovina, 🇨🇾 Cyprus, 🇪🇪 Estonia, 🇫🇷 France, 🇩🇪 Germany, 🇬🇷 Greece, 🇭🇺 Hungary, 🇮🇪 Ireland, 🇮🇹 Italy, 🇱🇻 Latvia, 🇲🇰 Macedonia, 🇲🇹 Malta, 🇲🇩 Moldova, 🇲🇪 Montenegro, 🇳🇱 Netherlands, 🇵🇱 Poland, 🇷🇴 Romania, 🇷🇺 Russia, 🇷🇸 Serbia, 🇸🇰 Slovakia, 🇪🇸 Spain, 🇸🇪 Sweden, 🇹🇷 Turkey, 🇺🇦 Ukraine

More Stable

No countries were more stable over this period

Unchanged

🇦🇩 Andorra, 🇧🇪 Belgium, 🇭🇷 Croatia, 🇨🇿 Czech Republic, 🇩🇰 Denmark, 🇫🇮 Finland, 🇮🇸 Iceland, 🇱🇮 Liechtenstein, 🇱🇹 Lithuania, 🇱🇺 Luxembourg, 🇲🇨 Monaco, 🇳🇴 Norway, 🇵🇹 Portugal, 🇸🇲 San Marino, 🇸🇮 Slovenia, 🇨🇭 Switzerland, 🇬🇧 United Kingdom

Europe News Summary

Switzerland’s economy is on an upward trajectory, bolstered by a significant rise in exports that is contributing to GDP growth. This positive economic climate is further complemented by the anticipation of wage increases in 2025, a development likely influenced by the country’s effective management of inflation [SOURCE - Le News].

In France, heightened security measures have been implemented ahead of a football match against Israel, following violent clashes between fans in Amsterdam. The French government has deployed a substantial police presence, including surveillance drones, to ensure safety during the event, which is expected to draw a large crowd despite the risk of protests [SOURCE - Forbes]. Thi

Carpe tomorrow!