I Read The News So You Don’t Have To – Market News (Dec. 27, 2018)

by ogordained

 

 

UNITED STATES

  • Futures are pointing to a sharply lower opening this morning
  • The Santa rally showed up in a big way with Dow Jones climbing over 1,000 points — its highest single-day gain
  • Google has launched a service to help veterans find civilian jobs based on their military experience (if you’re a veteran interested in the service (grow.google/programs/veterans-commitment)
  • Hundreds of thousands of workers will stay home today as the government shutdown enters day 6 and the publication of much economic data will be on hold during the shutdown
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OTHER

  • Thailand has approved plans to legalize medical marijuana, it should become law this year
  • Israel approved a law to allow the export of medical marijuana
  • After a 30 year hiatus, Japan will resume commercial whaling in 2019
READ  The BoC owns almost 40% of Government of Canada bond market

CHINA

  • For the first time since 2015 industrial profits have fallen
  • Chinese e-commerce site JD.com announced a $1bn share buyback program

 

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