Markets News 

China’s slower growth in November spooks emerging markets, undermining risk sentiment

“So what should we make of the data point?” writes Markets Reporter for marketwatch.com. That made for a 5.4% increase on the industrial side, versus 5.9% in October, and 8.1% growth in sales, down from 8.6% in October.Needless to say, the data show there’s still a whole lot of growth in China.China, of course, is a big piece in the growth puzzle — some might even say it is the puzzle. Source: marketwatch.com Share This:

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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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Markets News Regulators 

USD/JPY awaits Powell as fears push it down

“The final version of US Q3 GDP growth will likely confirm the annualized growth rate of 3.5% reported previously” writes Yohay’s Google Profile for forexcrunch.com. Core inflation remains subdued in the Land of the Rising Sun.Inventories contributed a hefty 2.27% to the 3.5% growth rate.The Fed may be slightly more hawkish than markets expect, at lease bond markets predicting rate moves. Source: forexcrunch.com Share This:

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News 

Retail sales get off to good start for the holiday season, online stores big winners

“If a big drop at gas stations is stripped out, retail sales rose a stronger 0.5%, the government said Friday” writes Jeffry Bartash for marketwatch.com. The category that’s mostly online sales recorded a robust 2.3% increase in sales last month.Retail sales increased 0.2% last month, led by online stores such as Amazon AMZN, -1.57%  and big-box stores like Best Buy BBY, +0.00% the Commerce Department said. Source: marketwatch.com Share This:

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Markets News Oil 

Commodities have been battered by the Trump-China trade war. And 2019 doesn’t look much better.

“Global commodity markets have had a tough time in 2018, and next year doesn’t look much better” writes Callum Burroughs for businessinsider.com. Similarly, the trade war, tightening Federal Reserve monetary policy and a worsening credit cycle could impact the market in 2019, according to Bank of America.Similarly, trade-war risks have been front and center and has been the biggest risk to oil this year, according to Peter Helles, commodities strategist at Bank of America.Fears about global growth are also weighing on commodity markets. (Trade figures are usually a good barometer…

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News Stocks 

Wall Street set to fall at open on global growth fears

“(Reuters) – U.S. stocks were set to drop sharply at the open on Friday as weak economic data from China and Europe exacerbated global growth fears and added to nerves over the U.S.-China trade talks” writes Midwest Communications Inc for 95kqds.com. Equity futures fell about 0.8 percent after data showed weak monthly retail sales growth and industrial output in China, with sluggish Euro zone business expansion piling on more pressure. Source: 95kqds.com Share This:

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Futures News Stocks 

Futures drop about 1 percent on global growth risks

“The drop in futures, if held through the session, threatens to wipe out most of the indexes weekly gains” reports businessinsider.com. ET. Separately, industrial production data is likely to show an increase of 0.3 percent in November, against a gain of 0.1 percent in October. Source: businessinsider.com Share This:

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News 

Italian government debt grew to €2.334 trillion in October

“Forget about the budget, it’s only a fraction of a problem if you put it in comparison to Italy’s debt pile” reports forexlive.com. And when that happens, expect Italian assets and the euro to be hit with a very large knock on the head because of the realisation that the debt-to-GDP ratio is only going to continue to rise.With Italian GDP contracting for the first time in four years during Q3, it’s hardly a pillar of confidence for investors that the ballooning debt-to-GDP ratio in Italy will settle down any…

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News 

House sales growth picks up slightly in November

“But fading support next year means any acceleration in sales growth won’t be prolonged, they say” writes Dominique Fong for marketwatch.com. BEIJING–Housing sales growth in China picked up slightly in November, which some analysts attributed to demand in smaller cities, but they said it isn’t likely to last. Construction starts rose 16.8% from a year earlier in the January-November period, compared with 16.3% growth in the first 10 months of the year. Source: marketwatch.com Share This:

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News 

Japan business confidence steady but outlook sours, survey shows

“Both manufacturers and non-manufacturers were more pessimistic about the business outlook three months ahead, a sign they are only just starting to feel the pinch from global trade tensions” writes Shiho Fukada for cnbc.com. International trade frictions, slowing business spending and corporate profit growth have raised risks to Japan’s export-led economy.Confidence among Japan’s big firms remained unchanged from three months ago, a closely-watched central bank survey showed, but sentiment on the outlook soured for the first time in three quarters as trade frictions and global growth concerns hurt the business…

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