by ogordained
UNITED STATES
- The budget deficit topped $100bn in October, up 60% on a year earlier. Spending outgrew revenue by $37bn
- Small business loan rates are rising, potentially impacting the rate at which they hire new employees
- however small business optimism remains high
- Inflation is expected to grow but it should be offset by weak oil prices and a strong dollar
OTHER
- Coffee and sugar are retreating again after a brief recovery
- Weak oil prices have been a boon to shares of airlines
- Data released today revealed Q3 GDP growth to have slowed for Germany
- Car makers halted production -falling 9%- as they attempt to ensure their inventories have the proper certifications following to comply with stricter emissions rules
- Optimistically though, this is just a short term hiccup and factory orders picked up in September
- Wage growth in Australia is ticking up healthily
CHINA
- Tencent reports earnings today. Down 40% from their all-time high in January, Tencent reported their first profit decline in 13 years last quarter. We’ll see the impact on earnings of a ban on video game approvals that was supposed to end in September, but didn’t
- The top trade negotiator is coming to America to resume trade talks in a renewed positive atmosphere
- Overall credit expansion is slowing
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