How do we know the move.. JR

 How to move the bishop on a different board. Economy Vs economists or financial advisors of the other Chess board.  JR 

There's also a whole host of U.S. economic data on tap for today, including producer prices, retail sales, business inventories and the University of Michigan's consumer sentiment survey. After a rough week of retailer earnings, investors will be closely watching consumer spending figures. Data from the Commerce Department is expected to show that sales climbed 0.3% in October, after edging up 0.1% the previous month, giving more impetus to the Fed to raise rates in December. Consumer sentiment is also seen brightening.

The French economy rebounded in the third quarter as lower prices and borrowing costs spurred consumers to spend, in contrast to Germany, which slowed as exports and investment weakened. France's GDP expanded 0.3% after falling flat in the second quarter, while output in Germany increased by the same figure, marking a slight slowdown from the prior period. Gross domestic product in the eurozone also rose by 0.3%, down from 0.4% in the second quarter (more ECB stimulus in December?)

Leaders of the world's 20 largest economies are to meet in the Turkish resort town of Antalya for two days, starting Sunday. What's on the agenda? Global growth, tax cooperation, bank regulation, the war in Syria and subsequent migrant crisis, the Iranian nuclear deal and climate change. G20 countries account for 85% of the world economy, 75% of world trade and two-thirds of the world's population.

China is moving to contain leveraged wagers on its stock market, cutting in half the amount of borrowed money investors can use to buy shares. Margin requirements will be raised to 100% from 50% starting on Nov. 23, the Shanghai and Shenzhen bourses said in separate statements. The move is likely to weigh on investor sentiment when mainland markets re-open on Monday.

According to the International Energy Agency, oil stockpiles have swollen to a record of almost 3B barrels because of strong production in OPEC and elsewhere, potentially deepening the rout in prices. This "massive cushion has inflated" even as the global oil market adjusts to $50/bbl oil, the agency noted in its November report. Still, the IEA predicts that supplies outside OPEC will decline next year by the most since 1992 as low prices take their toll on the U.S. shale industry. Crude futures are now trading at $41.99/bbl, after falling over 4% on Thursday.