by ogordained
United States
- Durable Goods Orders report was positive, up 0.8%
- Largely due to defense orders
- Transport orders fell
- Capital goods orders -machinery and whatnot- fell for the second straight month
- The GDP report comes out today at 8:30 – growth is expected at 3.5%
- The Kansas City Fed is showing business spending falling fast
- Americans collecting unemployment hit its lowest level in decades
Other
- Alphabet fell about 5% after the company released revenue figures that were slightly below analysts’ estimates.
- Amazon reported record quarterly profits of about $2.9bn.
- But its shares fell 9% in after-hours trading after the company warned that sales during the coming Christmas period might be lower than expected.
- The price of Copper
trong>,
Aluminum, and
Nickel has fallen fast, bringing down the share price of mining firms – you can thank the rise of the USD for that
Trade and manufacturing confidence is crumbling in Germany, construction sentiment looks bright thoughSouth Korean stocks continued their bearish descentArgentina’s consumer sentiment has been crushed
- The executive board of the IMF meets in Washington, DC today to approve Argentina’s revised $57bn credit line—the largest in the fund’s history.
Mexico’s retail sales beat expectations (Actual: 3.9% | Expected: 3.7%)Shares of homebuilders may have finally bottomed out – look at Bloomberg’s American Homebuilder IndexChina
- Nothing new here as the yuan continues to fall, I feel like I write this everyday
- Inflows into Chinese bonds are slowing dramatically