I Read The News So You Don’t Have To – Market News (Dec. 13, 2018)

by ogordained

UNITED STATES

  • Futures can’t seem to make up their mind, indicating a mixed opening
  • Core inflation figures came in line with expectations, clearing the way for another rate hike this month
  • The % of small business planning to increase prices in the next three months rose to its highest level in a decade
    • Retail wages have surged this year along with freight shipping costs
  • Apple will build a $1bn dollar facility in Austin, TX creating an initial 5,000 jobs which could grow to a possible 15,000
    • They have created 6,000 jobs this year and will continue to pursue their goal of creating 20,000 jobs by 2023
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OTHER

  • Theresa May survived a vote of confidence against her with 200 votes for her and 117 votes against her
    • She has promised not to lead her party in the next election
  • Demand for OPEC Crude Oil is anticipated to fall next quarter
  • Lowes is planning a $10bn share buyback program
  • Short sellers have started to go after high-yield (aka junk) ETFs
    • A surge in volatility could result in some painful margin calls
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CHINA

  • China has apprehended two Canadian men for “harming state security” in the days following the arrest of a Huawei executive
  • Demand for oil is slowing
  • China plans to alter its Made in China 2025 plans to increase access to foreign companies
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