I Read The News So You Don’t Have To – Market News (Dec. 03, 2018)

by ogordained

UNITED STATES

  • Futures point to a sharply green opening
  • The government will run out of money on December 7
    • Republicans and Democrats are split over the border wall
    • Trump wants $5bn for the wall – Democrats have agreed to $1.6bn for “pedestrian fencing” – Trump has said he’s willing to go through a shutdown to get his wall
  • The great trade war has been put on pause for 90 days
  • Neil DeGrasse Tyson is getting MeToo’d
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OTHER

  • Paris came close to a state of emergency as protesters torch cars, smash shop windows, and vandalize the Arc de Triomphe in response to proposed fuel tax increases.
  • Israeli police recommend indicting the prime minister, Binyamin Netanyahu for fraud, bribery, and breach of trust
  • Qatar is leaving OPEC, claiming they produce too little oil and would rather focus on gas
  • German retail sales came roaring back to life (Expected 1.4% | Actual 5.0%)
  • Japan’s Business Investment fell in the third quarter (Expected 8.5% | Actual 4.5%)
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CHINA

  • As part of a deal to delay tariffs, China will buy agricultural, industrial, and energy products from the United States
  • The Yuan lept following the trade war ceasefire
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