I Read The News So You Don’t Have To – Market News (Nov. 16, 2018)

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by ogordained

UNITED STATES

  • Slowing demand for new business loans indicates an investing slowdown ahead
  • The FDA said it will not pursue plans to ban flavored e-cigarettes
  • US Retail Sales data came in just above expectations but isn’t roaring back to life as some media have claimed (Actual 0.4% | Expected 0.3%)
  • The NY Fed’s Manufacturing Index reveals some growth Actual 23.3 | Expected 20.0)
    • New orders leapt
  • The Philadelphia Fed’s Manufacturing Index softened significantly (Actual 12.9 | Expected 20.0)
    • New orders dropped off
  • US Natural Gas prices experienced their biggest one day decline (-16.52%) after a sharp rise this week
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OTHER

  • UK Retail Sales data came in softer than expected (Actual 2.7%| Expected 3.4%)
  • Theresa May is facing a likely vote of no-confidence after reaching a preliminary brexit deal
    • Yesterday two cabinet ministers quit along with many junior members of her government
  • Mexico’s central bank raised interest rates, worsening a brutal market selloff
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CHINA

  • There’s renewed hope of easing trade tensions with the US but…ya know, Trump so who actually knows
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