News 

Trump denies his trade policies are hurting economy

“Those tariffs have reduced the bilateral trade deficit with China from a record-high level last year” reports politico.com. Trump can point to a number of positive economic statistics as he makes his case for a second term as president.You don’t invest.” In the nearly one-hour speech in Manhattan, Trump also said the United States was “close” to striking a preliminary trade deal with China.He called the field of Democratic opponents “crazy” and said the economy would be hurt if one of them were elected. Source: politico.com

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GBP News 

ZEW investor sentiment poll in Germany vaults to a nearly flat reading in November

“The ZEW indicator of economic sentiment for Germany rose to -2.1 in November, a gain of 20.7 points from October” writes European Markets Editor for marketwatch.com. “There is growing hope that the international economic policy environment will improve in the near future, which explains the sharp rise in the ZEW Indicator of Economic Sentiment in November. Source: marketwatch.com

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GBP News 

ZEW investor poll jumps in November

“The ZEW indicator of economic sentiment for Germany rose to -2.1 in November, a gain of 20.7 points from October” writes European Markets Editor for marketwatch.com. “There is growing hope that the international economic policy environment will improve in the near future, which explains the sharp rise in the ZEW Indicator of Economic Sentiment in November. Source: marketwatch.com

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News 

Economic data coming up in the European session

“Hope you’re all doing well as we look to get things going in the session ahead” reports forexlive.com. ForexLive That’s all for the session ahead.Looking ahead, the risk mood will once again be a key focus amid some data points to move things along during the session.The kiwi has been dragged lower though after NZ data disappointed ahead of the RBNZ monetary policy decision tomorrow. Source: forexlive.com

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Markets News 

Lebanon central bank says bank deposits are safe, banks to review curbs

“Salameh said the banks would meet immediately to review and implement the central bank’s request” writes Midwest Communications Inc for 95kqds.com. Salameh said the central bank had a usable foreign cash reserve of $30 billion and total assets of $38 billion.Salameh said the central bank hoped for the formation of a new government as soon as possible.The central bank would seek to bring down interest rates through liquidity management measures, he added.A stagnant local economy and a slowdown in cash injections from Lebanese abroad have put pressure on the central…

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News 

‘No need to panic’: Lebanon banking body tells depositors after unrest

“Sfeir spoke after meeting President Michel Aoun, the ministers of finance and economy, the central bank governor and other officials over the economic situation” writes Midwest Communications Inc for 95kqds.com. BEIRUT (Reuters) – Lebanese bank deposits are safe and there is no need to panic, the head of the banking association said on Saturday, seeking to calm nerves about restrictions on some withdrawals imposed after nationwide protests.”We confirm that depositors’ money is safe and what is happening has nothing to do with solvency and therefore, no need to panic,” the…

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News 

Logging the dollars involved in deer hunting in Illinois

“I was randomly selected to be in a study of the economic impact of deer hunting in Illinois” writes O’neal Sun-times for suntimes.com. For Illinois residents, non-residents feel like a depressingly large impact, especially in deer hunting.In terms of economic impact, it really matters more than any other hunting in the state.One of the things I am most curious about from this study will be how the economic impact of out-of-state deer hunters compares to the economic impact of resident deer hunters, a real point of interest or contention in…

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Ford’s $1 billion investment in Avon Lake, Brook Park plants could boost Greater Cleveland economy

“For every 100 jobs created in light-truck and utility vehicle manufacturing, 925 additional jobs could be created, Duritsky said” writes The Plain Dealer for cleveland.com. Bill Samples, president of UAW Local 2000 at the Avon Lake plant, has said that the union fought for investments “for the opportunity for lifelong jobs” for members and to help the local economy.After the announcement, Avon Lake Mayor Greg Zilka said Ford told him the investment would lead to 1,500 new jobs at the plant, which primarily assembles commercial trucks. Source: cleveland.com

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China-U.S. trade war to ease but conflicts will persist – former finance minister

“BEIJING (Reuters) – A Sino-U.S. trade war could ease somewhat but wider conflicts between the world’s two largest economies will continue, Lou Jiwei, a former Chinese finance minister, said on Saturday” writes Midwest Communications Inc for 95kqds.com. Washington has adopted a strategy to contain China’s economic rise by preventing the country from climbing up the global value chain, Lou said.The U.S. tariffs on Chinese exports will not fundamentally resolve its trade deficit, which is caused by the high U.S. government debt ratio and a low household savings rate, he said. Source:…

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NY Fed’s Williams says economy is in a good place, monetary policy well positioned

“NEW YORK (Reuters) – New York Federal Reserve President John Williams said on Friday the U.S. economy is in a good place, reiterating his view that the interest rate cuts made this year should appropriately address the potential risks of the trade war with China and a global economic slowdown” writes Midwest Communications Inc for 95kqds.com. “I think monetary policy is well positioned right now,” Williams said during a moderated discussion before an audience of financial professionals in New York.Williams said economic data points to a strong labor market with…

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