I Read The News So You Don’t Have To – Market News (January 14, 2019)

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by ogordained


  • Futures are down amid weak trade data out of China
  • US CPI was in line with expectations at 1.9%
  • Loan Growth has accelerated rapidly going into 2019
    • Business loans are up 11% since last year
  • S&P 500 companies are warning that their 2019 earnings may not be as high as initially forecast


  • UK Industrial Production disappointed (Actual -1.5% | Expected -0.7%)
  • Politicians vote on Theresa May’s Brexit deal tomorrow. It is not expected to pass.
  • The retrial of three former Barclays traders begins today in London — they’re accused of manipulating the EURIBOR interest rate
  • The European Court of Justice issued a statement favorable to Google in their “right to be forgotten case”
  • A British-Iranian citizen accused of plotting against the government goes on hunger strike today in Tehran. Ms Zaghari-Ratcliffe’s has been detained for over 1,000 days and is being denied medical attention for lumps discovered in her breasts strike
  • Three lawsuits have been filed against Boeing after Indonesian authorities discovered the black box of the Lion Air flight that crashed in October
    • the pilots struggled with the aircrafts anti-stalling system leading up to the crash
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  • In December exports fell 4.4% from a year earlier —imports fell 7.6%.
    • Both were the weakest since 2016
  • China’s trade surplus with America soared to a record $323bn last year, suggesting that Trump’s tariffs aren’t working as intended

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