Top Economic News

 

The "lame-duck" voting session will start this week.
Congress is tentatively set to adjourn by Dec. 17, and has an additional break over the US Thanksgiving holiday.
China tells Trump, the two partners will benefit by working together.
Would India be a good pivot away from China?
Investors should hold an underweight position in Treasuries?
Russian and Iran are in talks over an arms deal worth about $10B.
Europe discussing setting up a European Army?
Marine Le Pen, head of France's National front said, "We are not going to welcome any more people, we are full."
 

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Happy Veteran's Day! Many have made the ultimate sacrifice to protect the freedom we enjoy in this country.  If you know someone who is a vet, take a moment out of your day to thank them for their service.
The UK government will take the divisional court ruling that the Crown has no legal power to withdraw from the EU treaty, to the 11 judge constitutional court in early 2017.
Trump's promises to rebuild manufacturing will impact warehouse and light manufacturing space.
The tax bill for expats residing abroad would be reduced just as it would be if they remained in the US.
There has been a small rush to buy health insurance under the Affordable Care Act after the election.
A UN report published this week suggested automation is higher in developing countries than in advaced one, and will effect 2/3rds of the jobs in those countries.
Another mass grave has been found in Iraq as ISIS carries out public executions for treason.
OPEC increased oil production to record levels in October.


  
 

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What steps Trump can take on immigration without congress.
Budget math points to a problem for Trump.
Egypt secured a $2B in financing from international banks, a day before the IMF board meets to consider a $12B loan.
Ahead of the OPEC meeting on November 30, oil production, OPEC oil outpur rose 230k BPD in October.
A Milan civil court rejected an appeal against the Italian referendum on December 4th.

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China's central bank said on Tuesday that it will maintain ample liquidity and achieve reasonable growth in money supply and credit.
German Industrial production fell at its fastest rate in more than two years.
From 2009 to 2014, slaty, disposal volumes of toxin-laced water volumes injected near fault lines in Oklahoma shot up 81%.
The European Safe Bond is, in theory, will provide the 19-nation currency bloc with a single "safe asset."
ISIS fighter abducted 295 former Iraqi Security Forces members and 1500 families to retreat with them.

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Cushing Oklahoma, the largest US oil storage hub, had a magnitude 5 earthquake on Sunday.
China's new cyber security law will allow the Chinese government full access to data and cooperation from internet operators if miscounduct is suspected.
The UK government is preparing a bill about Brexit, that both houses of parliament will have to consider.
The Philippine government has cancelled the purchase of police rifles from the US.
Almost 3.5 million manufacruting positions will need to be filled over the next 10 years.
The government's marketable debt has more than doubled to a record $14 trillion. 

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Strong leasing and absorption of logistics buildings pushed the US logistics vacancy rate down to 7.1%.
Heritage College permanently closes all 10 campuses.
Goldman says China like Japan, will eventually face a period of much slower growth.
James Brown tried to hire a dozen workers for his metal foundry, half of them flunked the drug test.
Markit's final composite PMI for the Euro zone was 53.3, below the 53.7 estimate.
What happens if the US election is a tie?

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Brexit vote going to the UK's supreme court.
Pnnacle West Capital, which owns Arizona's largest electric utility, is looking to support candidates to raside fees and cut how much homeowner are paid for the solar energy they generate.
Twelve U.S. senators urged on Wednesday that a national security review panel reject Chinese aluminum giant Zhongwang International Group Ltd's proposed $2.3 billion purchase of U.S. aluminum products maker Aleris Corp.
U.S. crude oil stockpiles soared more than 14 million barrels last week, the largest weekly build since the U.S. Energy Department started keeping records in 1982.
US commercial property ricing indices reached new historical highs in September.
China's service sector grew at the strongest pace in 4 months.

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The Colonial pipeline system that is shut-down carries 2.6m barrels a day of refined oil products a day, used across the East Coast.
At its current pace, Saudi Arabia will burn through its entire foreign reserves by 2020.
The Markit/CIPS UK Construction Purchasing Manager Survey rose unexpectedly to 52.6 from 52.3.
German unemployment fell to the lowest level since the German reunification in 1990.
Moller-Maersk Group, the world's largest shipping company by capacity, announced a slump in 3rd quarter profits due to low freight rates.‚Äč

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Colonial Pipeline Co., shut mainlines on the pipe that carries oil products to New York Harbor from US refining center in Houston.
Venezula's currency is so weak and so much is needed, shopkeepers are weighing it instead of counting it.
Goldman analysts Damien Courvalin thinks, with no OPEC production deal, oil fundamentals could push oil to $40.
UK M15 Director General Parker said Russia is using a whole range of state organs and powers to push foreign policy.
Kremlin spokesman Peskov said the M15 chiefs words do not correspond with reality.
Russian Defense Minister Shoigu said on Tuesday, a western failure to rein in violent Islamists in Syria had indefinitely delayed the resumption of peace talks.
Three seperate surveys of manufacturing in China, reinforced hopes of stabilization.
China unveiled its Chengdn J-20 stealth fighter.
 

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0.9% of the 2.9% GDP number was due to extra-ordinary soybean sales and will likely not be repeated.
Banks continue to buy Treasuries as deposit growth is outstripping loan demand.
There are few obstacle to developers seeking to take unsubsidized "natural occuring" affordable housing upmarket, to the detriment of poor renters.
China's big five banks wrote off debt at a faster rate than they have been able to earn profits or raise capital.
China's wealthy have targeted putting a third of their wealth overseas, either via property purchases or foreign exchange deposits.
Japan's industrial output was unchanged in September v. expectations for a 1.0% rise.
Japan's retail sales fell 1.9% in September.
Oil prices are lower as the only thing OPEC could agree on was an additional meeting in November, aside from the meeting scheduled on November 30th.
Russia has 7300 nuvlear missiles, the SU 7100, France 300, China 260 and the UK 215.

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