International Markets Update

Pages
Pages 3
table
Tables 2
Chart
Charts
Price $0

Equity markets were mixed in November with slight gains in the US and small declines outside the US. The US economy grew at a healthier pace in t.....

Summary

  • Equity markets were mixed in November with slight gains in the US and small declines outside the US.
  • The US economy grew at a healthier pace in the third quarter than initially thought, but strong inventory accumulation by businesses could temper expectations of an acceleration in growth in the last quarter. 
  • The US economy added 271,000 jobs in October, much stronger than economists’ forecast of 185,000. The unemployment rate dipped from 5.1% to 5.0%.
  • US consumer prices rose in October in a sign that inflation may be picking up again. The figures, along with the strong employment numbers, increased speculation that the Fed may raise interest rates in December. 
  • Eurozone business growth has picked up to its fastest pace in four years with Markit's Composite PMI jumping from 53.9 in October to 54.4 in November, as slowing growth in France was offset by a resilient Germany. 
  • ECB President Mario Draghi has stated that the institution will do what is necessary to reach its inflation goal rapidly. 
  • Japanese household spending fell in October for a second straight month, even as unemployment hit a two-decade low, underscoring the challenge facing premier Shinzo Abe in persuading reluctant companies to boost wages. 
  • Profits earned by Chinese industrial companies fell 4.6% in October from a year earlier, declining for the fifth consecutive month as the world's second-largest economy slows and industries deal with overcapacity.

Reviews



play_video_icon
Close

International Markets Update

Recently Browsed