I Read The News So You Don’t Have To – Market News (Nov. 12, 2018)

by ogordained

UNITED STATES

OTHER

  • Global shipping activity is pointing to a weakening in demand
  • Natural gas is prices are moving higher due to low supply and high demand from a cold snap in the US
  • Shares of GE are official trading at their financial crisis level

CHINA

  • Single’s Day sales SMASHED last years record with sales of $9.92bn – $69bn yuan (nice) – in the first hour. Sales totaled $30.8bn on Sunday beating last years record of $25.3bn
  • New loan growth from January to September hit record highs
  • Chinese steel and coal futures are moving lower

In case you missed it, here’s what to look for in the week ahead.

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