I Read The News So You Don’t Have To – Market News (Nov. 15, 2018)

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by ogordained


  • 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
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  • In contrast with recent negative press, the IMF expects global growth to continue at 3.7% in 2018 and 2019
    • However, ChinaJapan, and Germany are showing signs a weakness
  • Eurozone industrial production was triple expectations (Actual 0.9% | Expected 0.3%)
  • 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
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