I Read The News So You Don’t Have To – Market News (November 26, 2018)

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by ogordained

UNITED STATES

  • The InSight spacecraft lands on Mars today, you can watch live between 2:00 & 3:30 pm – hopefully, the markets go to the moon
  • Black Friday raked in a record $6.22bn in sales 
  • New Housing Starts (Expected: 1,228 | Actual: 1,228) and Existing Home Sales (Expected: 5.20 | Actual 5.22) fell in line with expectations

OTHER

  • Theresa May and EU leaders agreed on Brexit withdrawal terms yesterday
    • Now comes the difficult task of persuading the British Parliament to approve the deal
  • Saudi Arabia, The United Arab Emirates, and Houthi rebels are planning peace talks for next month to end the war in Yemen
  • Low oil prices continue to fuel a recovery in the Indian rupee
  • Russian warships fired on three Ukrainian ships in the Black Sea, today Ukraine will decide whether to declare martial law in response
  • Real wage growth in Russia didn’t meet expectations (Expected 7.0% | Actual 4.4%)
    • Cargo activity (Expected 2.0% | Actual -0.1%) and retail sales (Expected 2.4% | Actual 1.9%) also slipped
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CHINA

 

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