Trade will be high on the agenda of the G20. Investors will follow talks between the United States and China for any signs of a breakthrough that will ease tensions and help avoid more tariffs.
President Donald Trump and his Chinese counterpart, Xi Jinping, should have dinner on Saturday.
"I think we are very close to doing something with China, but I do not know that I want to do it, because what we have now is billions and billions of dollars coming to the United States in the form of tariffs or taxes," Trump told reporters in Thursday.
2. Oil prices in focus: The price of US crude oil fell about 22% in November. Oil futures fell another 1% on Friday to under $ 51 due to continued worries about overcharging.
Russian President Vladimir Putin and Saudi Arabia Crown Prince Mohammed bin Salman, leaders of two of the world's largest oil producers, will meet this weekend at the G20.
The two countries are key signatories to the agreement, which aims to reduce supply and increase prices. There is talk that OPEC and Russia may agree with further cuts at a meeting next week in Vienna.
That's exactly what Trump does not want. Last week, he wrote a Twitter on "Thanks to Saudi Arabia" to reduce prices, "but let's go lower," he added.
Shares in Deutsche Bank fell by another 2%, bringing total losses to 2018 reaching a whopping 48%.
Prosecutors say the largest creditor in Germany is suspected of helping clients set up offshore companies in tax havens. Investigators are also considering whether Deutsche Bank has not reported suspicious transactions.
The investigation comes at a time of continuous questions about the business strategy and direction of the bank.
5. Economics: The Fed on Thursday paved the way for raising interest rates in December, but sent a clear signal to investors that it would make more flexibility with its plans to raise rates in 2019.
A record of the US central bank policy meeting in November showed that "almost all participants" agreed that another price increase is likely to be "fairly fast" if the incoming data corresponds to the current expectations of policymakers.
The GDP report for the third quarter of Canada will be released at 8:30 am ET.
6. Come this week:
Friday – The G20 starts in Argentina