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UNITED STATES

  • Futures indicate a positive opening this morning
    • Larry Kudlow, Trump's economic advisor, eased some tensions after stating that the president is open to a trade deal with China 
  • The Conference Board Consumer Confidence Survey revealed consumer confidence elevated to multi-year highs 
    • Retailers are likely to be the beneficiaries 
  • Another good sign for consumers is a minimal risk from rising interest rates
    • just 10% of household budgets are exposed to variable interest rates
  • Trump threatened to cut electric-vehicle and other subsidies that have benefited GM
  • The United States failed to crack a list of the top ten nations for financial literacy 
  • The Senate could decide as soon as today whether to end American support for the Saudi-led war in Yemen.

OTHER

  • European ministers proposed fresh sanctions against Russia as punishment for seizing three Ukrainian vessels
  • New Zealand authorities blocked Spark, the country’s biggest telecoms provider, from buying Huawei equipment for its 5G network
  • Japan's Manufacturing Purchasing Managers Index indicates further slowdowns to come 
  • Mexico's unemployment rate fell to multi-year lows 
  • Canada is likely to experience the most 

CHINA

  • Industrial profit growth is slowing 
  • Large cities are reducing the number of car licenses allowed in an effort to limit pollution
  • Air travel capacity continues to grow 


Submitted November 28, 2018 at 07:35AM by ogordained https://ift.tt/2FLAZ9Q

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