Markets News Stocks 

Stock market woes raise a nagging fear: Is a recession near?

“Both the previous two U.S. recessions overlapped with stock market sell-offs” reports thebusinessjournal.com. (AP) — Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression.The fact is that the stock market captures just a piece of the broader U.S. economy.The fact is that economic growth around the world is slowing, including in the United States as the benefits from the tax cuts wane. Source: thebusinessjournal.com Share This:

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News Stocks 

Xi Jinping promised ‘miracles’ in a gloating speech about China’s economy, but the markets slumped

“Jason Lee/Reuters Investors had been watching Xi’s speech for hints on how he would deal with China’s domestic economy, none of which came” writes Alexandra Ma for businessinsider.com. “As such, it is unlikely to galvanize financial markets anxious about the trajectory of China’s economic growth and prospects for the US-China trade talks.”. Xi’s speech marked 40 years since China’s opening up its economy to the rest of the world.Asian stocks edged down after Chinese President Xi Jinping made a gloating speech lauding his country’s economic progress, and promised to produce…

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Markets News Stocks 

Homebuilders are losing confidence — and it could be an ‘ominous’ sign for the US economy

“The National Association of Home Builders/Wells Fargo Housing Market Index fell in December after a decline in November” writes Rebecca Ungarino for businessinsider.com. The decline in confidence, according to the NAHB, was due largely to housing affordability.Market strategists are convinced some recent economic indicators, including this confidence measure, are going to play a role in the Federal Reserve’s commentary this week.Optimism among US homebuilders fell for a second straight month, and some say that’s a troubling sign for the economy and the stock market — particularly ahead of the Federal…

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GBP News 

UK economy set for slowest growth since 2009 as Brexit nears – BCC

“British economic growth this year and in 2019 looks set to be the weakest since the country’s last recession, due to a freeze in business investment and weak consumer demand ahead of Brexit, the British Chambers of Commerce forecast on Tuesday” writes Hannah Mckay for cnbc.com. The number of houses being sold was likely to fall around 5 percent next year, RICS added.The BCC said sterling’s weakness against the dollar and the euro was likely to continue to drive inflation, eating into consumers’ disposable income, while business investment was due…

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News 

China’s Xi urges implementation of reform but offers no new measures

“In his speech, Xi enumerated the accomplishments of China’s development since it moved away from a planned economy, when basic goods were rationed and often scarce” writes Midwest Communications Inc for 95kqds.com. “We must, unswervingly, reinforce the development of the state economy while, unswervingly, encouraging, supporting and guiding the development of the non-state economy,” he said at Beijing’s Great Hall of the People. Source: 95kqds.com Share This:

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Germany December Ifo business climate index 101.0 vs 101.7 expected

“A minor data point on the day though” reports forexlive.com. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.It highlights that economic sentiment towards the German economy is continuing to sour and that doesn’t bode well for confidence and investments.A measure of business conditions and sentiment/expectations towards the German economy. Source: forexlive.com Share This:

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News Regulators 

Dollar on edge before Fed meet, all eyes on policy outlook

“Some analysts think dollar strength can return if the Fed remains relatively confident about next year’s monetary tightening path” reports cnbc.com. The yen gained about 0.3 percent on the dollar as investors’ fears of slowing global growth increased demand for safety assets.The dollar index was marginally lower at 97.08 after losing 0.4 percent on Monday. Source: cnbc.com Share This:

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News 

Top CEOs worry a recession could strike within the next 14 days

“It found that almost half of the respondents thought the US could face an economic recession by the end of 2018” writes Joe Ciolli for businessinsider.com. As the economic cycle pushes further into its late stages, chatter about the next recession is growing louder.And if the results of a recent New York Times survey are any indication, fear around the next economic meltdown is close to hitting a fever pitch. Source: businessinsider.com Share This:

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Markets News 

This is how insurtechs are transforming their offerings for gig workers and freelancers

“We have opted to focus on three areas of insurance particularly relevant to the gig economy: vehicle insurance, home insurance, and equipment and liability insurance” writes Lea Nonninger for businessinsider.com. Gig economy workers are not employed by these platforms, and therefore typically don’t receive conventional employee perks, such as insurance or retirement options.The gig economy is becoming a core element of the labor market, pushed to the fore by platforms like Uber and Airbnb. Source: businessinsider.com Share This:

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News 

Mass shootings, economy ranked as most significant news events of 2018

“That’s compared with 33 percent who called the improving economy one of the top two most important events to them this year, with 25 percent calling it the single most significant event of 2018” writes Carrie Dann for aol.com. Both independents and Democrats were most likely to call the shootings one of the top-two most significant events in 2018, while Republicans were most likely to name the economy as a top issue. Source: aol.com Share This:

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