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
