UNITED STATES
- Futures are down amid concerns of slowing growth in China and Europe
- Import inflation fell aided by a strong US dollar
- The Senate voted to withdraw support for Saudi Arabia in the war for Yemen
- Though Republicans in Congress are likely to block the measure
OTHER
- Renault will keep Carlos Ghosn, under arrest in Japan, as its chairman and CEO
- The President of the European Commision said the Brexit deal will not be renegotiated
- The European Central Bank officially ended its quantitative easing campaign
- The ECB also lowered inflation and GDP growth expectations
- Japanese Industrial Production rallied to 4.2% after falling into negative territory
- the Tankan Report revealed optimism about present conditions but concerns for the future
CHINA
- Samsung is will close limit their activity in China, closing a large smartphone factory in the next two weeks
- Industrial Production for the year deteriorated (Expected 5.9% | Actual 5.4%)
- it was nearly 8% in 2017 and 18% at the start of the decade
- Retail Sales are slowing (Expected 8.9% | Actual 8.1%)
- 8.1% is the slowest growth in retail sales since 2003
- Property Investments continue to hum along at 10% a year
Submitted December 14, 2018 at 07:30AM by ogordained https://ift.tt/2PDiiF1
