Visits: 5
Liu He, China’s vice premier, left, shakes hands with U.S. President Donald Trump during a meeting in the Oval Office of the White House in Washington, D.C., U.S., on April 4, 2019.
Andrew Harrer | Bloomberg | Getty Images
Here are the most important things to know about Friday before you hit the door.
1. Trade deal or no deal?
2. Consumer sentiment falling?
The preliminary reading for October consumer sentiment from the University of Michigan comes out on Friday. Economists surveyed by Dow Jones expect sentiment to fall to 92 from 93.2 at the end of September.
U.S. consumers are getting increasingly anxious about the trade war with China. The last survey showeda near-record number of consumers citing trade policies as a negative factor weighing on the economy.
3.What’s Saudi Aramco worth?
Saudi Arabia’s crown jewel Saudi Aramco, the world’s most profitable oil company, is aiming to go public by late November. The company could get a final recommendation on the valuation from its investment banks on Friday, The Wall Street Journal reported.
Crown Prince Mohammed bin Salman has pushed for a valuation of as much as $2 trillion, but the Journal reported the headline number is expected to fall well below that. The offering had been delayed from its original launch date in 2018 over valuation concerns and venue for the international listing.
Major events (all times ET):
8:30 a.m. Import Prices
10:00 a.m. Consumer Sentiment