GBP News 

ALSO: 100 Days Until Brexit, And GPs Like Me Have Started Stockpiling Medicines – How Has It Come To This?

“The government will never commit an act of national damage as grievous as a no deal Brexit” writes Dr Clare Gerada for huffingtonpost.com. That may be true, let’s cross everything and hope the worst visions of a no deal Brexit do not come to pass.All of the Brexit options, deal or no deal, are dreadful.Nor is there a deal that promises medicines will flow over the border as easily as they do today. Source: huffingtonpost.com Share This:

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News 

Amid global market volatility, Japan could be one of the best bets in 2019

“Amid global market volatility and slowing growth that other economic giants are facing, Japan could be on a more sustainable path relative to the other countries, Shvets told CNBC on Tuesday” writes Chris Mcgrath for cnbc.com. Japan faces fewer micro and macro economic issues compared to the U.S., Europe and China — and might end up being one of the best bets in 2019, according to Viktor Shvets, the head of Asian strategy for Macquarie’s commodities and global markets team.Relative to the volatility around the world, “Japan is just calm,”…

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Markets News Oil Stocks 

European markets falter as oil prices plummet and U.S. interest rate hikes loom

“European markets were mostly in the red on Tuesday, as crude oil prices plummeted to new lows and investors remained jittery over an expected U.S. interest rate hike” writes Emily Horton for marketwatch.com. Energy stocks were also hit, the National Grid PLC NG., -6.10%  declined by 4%. Source: marketwatch.com Share This:

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News 

France to intro tax on large internet, tech firms…

“Lionel Bonaventure, AFP | France will introduce its own tax on tech giants, said Finance Minister Bruno Le Maire on Monday” writes News Wires for france24.com. France will introduce its own tax on large internet and technology companies from January 1, Finance Minister Bruno Le Maire said Monday amid difficulties in finalising a new EU-wide levy.France has been pushing hard for a new so-called “GAFA tax” — named after Google, Apple, Facebook and Amazon — to ensure the global giants pay a fair share of taxes on their massive business…

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News 

The budget battle may be coming to an end…

“A ‘bottomless’ budget deficit, paired with such a level of debt does pose significant risk” reports forexlive.com. Would a budget deficit increase to 2.4% of the GDP, be of any help?. Disaster struck, as Italy announced its plans earlier this year to run a budget deficit of 2.4% of GDP not only for 2019, but also for two consecutive years thereafter.Through stronger growth – higher tax revenues and a lower deficit could be achieved over the course of a few years.Drowning in political and economic crisis, some already started to…

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Markets News 

Major currencies remain subdued ahead of European markets open

“Here are the trading ranges for the day so far for dollar pairs:” reports forexlive.com. The focus of markets this week will be on Wednesday as the FOMC meeting decision beckons.There’s less than 0.1% movement across the board in general so far and that pretty much tells the story of how trading has been as we begin the week. Source: forexlive.com Share This:

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Crypto News 

European Parliament Calls for Increased Blockchain Adoption in Trade

“The European Parliament has called for measures to increase the adoption of blockchain technology in trade and administration with a provisional resolution published on Dec. 13” writes Adrian Zmudzinski for cointelegraph.com. It also urges the commission to set up an advisory group on the technology and conduct policy investigations into the technology. Source: cointelegraph.com Share This:

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News Stocks 

Europe stocks end lower as global economy clouds darken

“Investors have been driving up stocks this week on optimism over trade negotiations, but the China data indicated the collateral damage the data was having” writes Emily Horton for marketwatch.com. Separately, another set of data showed European car sales falling for a third-straight month.Business activity in China mostly slowed in November, official data showed on Friday, as industrial production and retail sales indicated renewed weakness.European markets fell Friday, as fresh data showed a slowdown in China and underperforming manufacturing figures for the eurozone, reigniting investors nerves over slowing global economic…

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Markets News 

Haven dollar touches 1½-year high as global growth worries dominate trading

“Currency markets attracted flows into perceived havens on Friday, as risk appetite weakened following softer-than-expected economic data from the eurozone and China” writes Markets Reporter for marketwatch.com. The economic data that weighed on risk appetite Friday morning included Chinese economic activity that mostly slowed in November, driven by weakness in both industrial production and retails sales.The New Zealand dollar NZDUSD, -0.8750%  was the worst performer in the Group of 10 most heavily traded currencies, down 0.9% against the dollar at $.0.6802.The eurozone composite index slipped to 51.3 versus 52.8 expected,…

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