UNITED STATES
- Futures are down sharply, indicating another rough opening bell
- Heavy-weight truck sales (an indicator of economic activity) continue to climb
- October saw an unexpected spike in consumer credit (Expected 15 | Actual 25.4)
- The growth in loans mainly comes from student and auto loans (non-revolving debts)
- The Senate is set to vote on a resolution to withdraw support for the Saudi-led war in Yemen - shout out Bernie Sanders and Mike Lee for sponsoring the resolution
OTHER
- The European Court of Justice ruled that Britain has the right to cancel Brexit and remain within the bloc on its current terms of membership
- but still, the British government is moving forward with a parliamentary vote tomorrow on the exit deal
- German industrial production continues to weaken for a third consecutive month
- Meanwhile, French industrial production recovered sharply after a big decline
- To ease labor shortages, Japan’s parliament voted to allow up to 300,000 immigrants to work in the country
- Canadian unemployment fell to its lowest level in years
- Emerging market shares are now outperforming US shares
CHINA
- China's imports fell dramatically (Expected 14.0% | Actual 3.0%)
Submitted December 10, 2018 at 07:25AM by ogordained https://ift.tt/2EmMWS0
