I Read The News So You Don’t Have To – Market News (November 30, 2018)

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by ogordained

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  • Futures are down ahead of the G20 summit
  • Donald Trump canceled a meeting with Vladimir Putin at the G20 summit in Argentina. Trump will meet with Xi Jinping to discuss the trade war
  • The Fed will likely continue its rate-raising campaign in December
  • Personal Consumption Inflation fell slightly (Expected 2.1% | Actual 2.0%)
  • Personal Income and Personal Consumption were both slightly higher (Expected 0.4% | Actual 0.5%) and (Expected 0.4% | Actual 0.6%) respectively
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  • Dunkin’ experienced a data breach of undisclosed scale
  • Sheryl Sandberg asked Facebook’s communications staff to research George Soros’s financial interests following his high-profile attacks on tech companies
  • Bayer will cut 12,000 jobs—around 10% of its workforce—as part of a cost-cutting plan worth $3bn
  • Marriott says a data breach in its reservations system may have affected up to 500 million guests since 2014
  • German unemployment set a new record low
  • Japanese industrial production rebounded sharply (Expected 2.5% | Actual 4.2%)
  • African swine fever is spreading closer to China, sending Chicago Hog Futures up 4.5%
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  • China has been investing heavily in Germany, largely in industry and technology sectors
  • Chinese manufacturing appears to have stalled, their manufacturing PMI figures fell to 50 (50 is the dividing line between expansion and contraction. Less than 50 = contractions, More than 50 = expansion)

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