by ogordained
UNITED STATES
- Consumer prices rose 2.5% in October, in line with expectations
- Low oil prices have driven down future inflation expectations
- Rent prices have been slowing after a 2017 peak
- Despite wage increases, mortgage applications continue to slow
- Donald Trump announced his support for criminal justice reform, including reducing minimum sentencesfor non-violent drug offenses and increasing spending to combat recidivism rates
OTHER
- In contrast with recent negative press, the IMF expects global growth to continue at 3.7% in 2018 and 2019
- However, China, Japan, and Germany are showing signs a weakness
- Eurozone industrial production was triple expectations (Actual 0.9% | Expected 0.3%)
- A Russian plan to raise consumption tax dragged down consumer confidence
- Natural Gas prices experienced an 18% rise on Wednesday, the largest one day increase in years – driven by cold weather and tight supply
- South Africa’s president is meeting with European Union leaders today, in pursuit of $100bn investments over 5 years
- The repatriation of 700,000 Rohingya who fled persecution in Myanmar is scheduled to start today
CHINA
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