by ogordained
UNITED STATES
- Futures are down slightly as investors confidence in a trade deal subsides
- The ISM Manufacturing Report for November beat expectations (Expected 57.5 | Actual 59.3)
- New orders were up sharply
- and cost pressures have eased – PMI Prices Paid (Expected 70.0 | Actual 60.7)
- Construction spending fell for the third straight month
OTHER
- France is suspending plans to increase tax on fuel after extensive protesting/rioting
- Royal Dutch Shell announced that it would become the first energy company to tie executive pay to carbon reduction
- GlaxoSmithKline said it would buy Tesaro, a cancer-drug maker, for $4.1bn to $5.1bn. (different sources reporting different figures)
- GSK’s shares had their biggest daily fall in a decade on the news
- Altria, Marlboro’s maker, was reported to be in talks to buy Cronos, a medical cannabis company
- Alberta ordered an 8.7% decrease in oil production to combat oversupply and low prices
CHINA
- Bond yields continue to fall
- The yuan continued its rally
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