News 

Illegal migration at southern border remains a “crisis” despite slowdown, U.S. says

“American officials have also credited the Mexican government, which agreed to boost cooperation on illegal immigration to avoid threatened U.S. trade sanctions” writes Midwest Communications Inc for 95kqds.com. President Donald Trump has made restricting immigration a centerpiece of his first term and his 2020 re-election campaign.That’s still at crisis levels,” Morgan said. Source: 95kqds.com

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News Stocks 

No slowdown in sight: Investors are swapping defensive stocks for cyclicals

“Investors prefer so-called momentum funds and stocks when they think the business cycle is in its later innings” writes Andrea Riquier for marketwatch.com. Meanwhile, momentum funds lost money in the most recent week, adding to an overall loss of $714 million so far this year.In the October 25 week, the SPDR S&P Oil & Gas Exploration & Production XOP, +1.66%   fund had inflows of 2.3%, Jefferies noted.The Consumer Staples Select SPDR fund XLP, +0.00%   saw outflows of 2% in the October 25 week, for example.Investors may think so,…

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News Regulators 

Euro zone inflation, growth projections cut in key ECB survey

“Underlying inflation projections were also reduced and the longer-term forecast was cut to 1.6% from 1.7%” writes Midwest Communications Inc for 95kqds.com. The longer-term forecast was steady at 1.7%, which remains below the ECB’s inflation target of close to but below 2%. The growth forecast was cut to 1.1% for this year from 1.2% and 1.0% from 1.3% for next year.FRANKFURT, (Reuters) – Euro zone inflation and growth expectations have continued to fall, a key European Central Bank survey showed on Friday, providing further justification for the ECB’s latest stimulus…

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Futures News Oil 

Oil futures fall 1% ahead of EIA inventory report

“The EIA data are expected to show crude inventories up by 4.7 million barrels last week, according to analysts polled by S&P Global Platts” writes Mark Decambre for marketwatch.com. Oil futures headed lower on Wednesday as investors awaited a closely followed weekly report on U.S. inventories and a Tuesday reading on supplies showed a lower-than-expected stockpiles for crude.They also forecast supply declines of 2 million barrels for gasoline and 3 million barrels for distillates as seasonal refinery maintenance impacts inventories for both crude and products.On Tuesday, the American Petroleum Institute…

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GBP News 

UK industry outlook weakest since 2009 on Brexit and world slowdown

“LONDON (Reuters) – British manufacturers expect their orders to fall at the fastest rate in a decade over the next three months due to the slowing global economy and Brexit uncertainty, a quarterly survey by the Confederation of British Industry showed on Tuesday” writes Midwest Communications Inc for 95kqds.com. The CBI said its manufacturing orders balance sank to -19 in October from +10 in July, the lowest since April 2009.The CBI’s monthly orders balance for October sank to -37 from -28 in September, below all forecasts in a Reuters poll…

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News 

Amazon earnings preview: One-day shipping and AWS slowdown could squeeze results

“Amazon missed the FactSet earnings estimate in the last quarter, but beat expectations the previous seven quarters” writes Tonya Garcia for marketwatch.com. Amazon.com Inc. is scheduled to report third-quarter earnings after the closing bell on Thursday, and Bank of America Merrill Lynch says one-day shipping and a slowdown in the cloud services business could weigh on profit.Analysts led by Justin Post say third-quarter Amazon Web Services growth decelerated, and costs to ramp up one-day shipping could increase. “Increasing regulatory scrutiny, as well as AWS growth and margin concerns, have limited…

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News 

Slowdown fears, trade wars hit sales at major industrial companies

“PPG shares traded 0.4% higher on Thursday” writes Claudia Assis for marketwatch.com. Alcoa shares recently rallied more than 6%, heading toward their highest close in two weeks and on pace for their largest one-day percent increase since Sept. 11.AA, +5.95%  reported mixed third-quarter earnings late Wednesday and shares rose on news of a restructuring and asset sales for the aluminum and alumina producer. Source: marketwatch.com

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News Regulators 

St. Louis Fed president: US economy could see ‘sharper-than-expected slowdown’

“Louis Federal Reserve warned Tuesday that the U.S. economy could see a sharper slowdown than expected in the coming months” reports washingtonexaminer.com. That uncertainty, Bullard said, “Creates a disincentive for global investment.” “Slower global growth may feed back into slower growth in the U.S.,” he said.Louis, said risks facing the economy include uncertainty over global trade policy and the slowing of the global economy. “U.S. monetary policy cannot reasonably react to the day-to-day give and take of trade negotiations,” Bullard said Tuesday during a presentation at a conference in London,…

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News 

IMF chief: trade conflicts fuel synchronized global slowdown

“Those discussions are expected to be dominated by the global growth slowdown, the trade conflicts and concerns over what the impact of a messy exit by Britain from the European Union could do to European growth prospects” reports thebusinessjournal.com. The lasting solution to the trade conflicts will require cooperation from all countries, Georgieva said.IMF Managing Director Kristalina Georgieva said that an updated IMF forecast to be released next week will show growth falling to its lowest point since the beginning of this decade.(AP) — The new head of the 189-nation…

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News 

Here’s why European leaders may let an economic slowdown morph into a serious crisis

“So the odds are that European governments will wait until the slowdown degenerates into a serious crisis before they act” writes Senior Writer for marketwatch.com. Meanwhile, fiscal policy remains roughly neutral.In an era where interest rates are near zero or even negative, more borrowing doesn’t necessarily increase the debt load, as Olivier Blanchard, the former IMF chief economist, has noted.The irony is that the eurozone owes part of its greater fiscal flexibility to the central bank’s policy.The countries with high levels of public debt – Italy (more than 130% of…

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