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America

  • Q3 GDP growth was stronger than expected (Actual 3.5% | Expected 3.3%)
    • Government spending, largely on defense purchases, was a large part of this
    • Consumer spending was especially strong (Actual 4.0% | Expected 3.3%)
      • Spending on apparel increased the most since 2005
    • Business investment slowed
  • Business’s are borrowing from their future growth by accelerating their build up of inventories ahead of tariffs
  • Consumer sentiment is holding strong at multi year highs

Other

  • Canada’s stock market hit its lowest level since 2016
    • Household credit growth has slowed to pace not seen since 1983
  • Industrial production in Singapore has slowed to a stop
  • With low inventories, Iron ore prices hit an 8 month high

China

  • The yuan remains at a multi year low
  • Industrial profits have dropped sharply
  • Growth in e-commerce is slowing


Submitted October 29, 2018 at 07:19AM by ogordained https://ift.tt/2Q1rmEF

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