Markets News 

A housing-market slowdown could be bad news for renters

“As the housing market cools down across the US, economists say rental prices could be set to rise” writes Finanzen Net Gmbh for businessinsider.com. Many economists expect the housing market to continue to slow, which could drive more Americans to rent instead.Rental demand looks set to rise.Meeting demand could be particularly difficult in the West and in the South, according to First American’s chief economist, Mark Fleming, as younger renters move toward technology hubs. Source: businessinsider.com Share This:

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GBP Markets News Regulators 

Take Five: UK May-day and U.S. curveballs: World markets themes for the week ahead

“So markets will watch to see how China hawks in the Trump administration react to China’s trade data due for release on December 8” writes Midwest Communications Inc for 95kqds.com. Signs of slowdown have persuaded markets to bet the Fed will slow the pace of rate increases next year.And the Australian dollar, a good proxy for commodities, Chinese demand and world trade, was the worst-performing major currency in the world all week.Buckle up for another wild week of Brexit may-hem on sterling and other UK-focused markets.What matters now is what…

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News Stocks 

One of the biggest US homebuilders just sounded the alarm on a slowdown — here are the housing stocks traders are betting can sink further

“Rising interest rates have weighed heavily on the group this year, as a jump in borrowing costs traditionally deters first-time home buyers” writes Rebecca Ungarino for businessinsider.com. Homebuilder stocks were under pressure this week after Toll Brothers issued a warning about a slowdown in the housing market, and an analysis of short interest in the sector suggests there is more pain ahead. Here are the most heavily shorted stocks in the homebuilders sector, according to S3 Partners data.As rates have jumped, the XHB, an exchange-traded fund tracking the S&P 500…

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News 

The CEO of one of America’s biggest homebuilders sounds the alarm on a ‘housing slowdown’

“Toll Brothers, one of America’s biggest homebuilders, warned Tuesday that the housing market is feeling the pain of rising interest rates” writes Ethel Jiang for businessinsider.com. The Federal Reserve has hiked its key interest rate three times this year and signaled one more hike in December.Significant price appreciation over the past few years, fewer foreign buyers in certain communities, and the impact of rising interest rates all contributed to this slowdown.”.  Source: businessinsider.com Share This:

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AUD Markets News 

Australian GDP growth may slow, but AUD/USD remains bullish

“A mediocre growth rate of 0.4% or lower would already cause a rethink. 0.4% QoQ is below 2% annualized and could push the yearly growth rate to around 3% or below” writes Yohay’s Google Profile for forexcrunch.com. All in all, the Aussie is enjoying an uptrend and a slowdown in growth is unlikely to change that.Australia publishes its Gross Domestic Product for the third quarter of 2018 on Wednesday, December 5th, at 00:30 GMT. The Australian economy enjoyed a robust growth rate of 0.9% QoQ and 3.4% YoY in Q2.So,…

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News Stocks 

Apple slides amid mounting fears of a smartphone slowdown

“Cirrus Logic is one of a growing roster of Apple suppliers to cut their own forecasts due to waning smartphone demand” writes Finanzen Net Gmbh for businessinsider.com. The suppliers’ reports come amid sweeping concern on Wall Street that Apple is experiencing a slump in the smartphone market, and that its best days are behind it.Last month, Austria-based AMS cut its revenue forecast, and other suppliers like Lumentum and British chip manufacturer IQE tempered their own expectations.Apple shares fell 2% early Tuesday after one of its suppliers cut its guidance for…

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News 

An alarming slowdown in global trade shows Trump’s tariff war is having a devastating impact

“The chart below illustrates this trajectory over the past 12 months: Not only is overall global trade growth slowing, but in many areas, it is actively shrinking” writes Will Martin for businessinsider.com. On top of that, every single region of the globe saw its foreign trade growth drop in November.According to the data, published on Tuesday, global trade was up 0.3% in November compared to the previous month.Kuehne + Nagel’s data matches what Maersk, the world’s largest shipping company, said in November, when it published data showing a slowdown in…

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News 

Chinese sneeze could give Europe Inc. a nasty flu

“The ongoing tariff dispute has already made the Chinese economy sneeze and given a cold to some of Europe Inc’s most iconic powerhouses due to their heavy exposure to the world’s second biggest economy” reports businessinsider.com. Even if Germany, whose bilateral trade with China hit a record 188 billion euros last year, is a key concern, worries among investors are widespread.BMW will make 18 percent of its revenue in 2018 from the world’s second-largest economy, while Volkswagen’s share stands at 14 percent, according to Morgan Stanley. Source: businessinsider.com Share This:

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News 

France October consumer spending +0.8% vs +0.6% m/m expected

“Decent consumption data although there are heavy revisions to the prior month’s readings that makes the report a little bit duller” reports forexlive.com. Nonetheless, it’s a decent start to Q4 data and that will help to ease fears of a worsening slowdown seen in the French economy. However, this is just one of many data points to come so let’s see how the rest will play out. Source: forexlive.com Share This:

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News Regulators 

Euro zone slowdown not enough to derail ECB plans, Draghi says

“The euro zone has lost some growth momentum but this was mostly normal and not enough to derail plans by the European Central Bank (ECB) to dial back stimulus further, ECB President Mario Draghi and two of his top lieutenants said on Monday” writes Francois Lenoir for cnbc.com. Euro zone growth has been disappointing since the summer months, and Germany, the bloc’s biggest economy, even contracted last quarter, raising some concern that the ECB may be cutting support at the worst possible moment.”A gradual slowdown is normal as expansions mature…

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