Greetings,
The United States: Cyber Monday online sales hit a new record, rising almost 20% from a year ago.
Europe: Below is the European outbound M&A activity with US targets.
China: Is China on track to follow Japan’s deleveraging cycle? If so, expect currency weakness, according to Pantheon Macroeconomics.
Emerging Markets: According to BCA, the key force driving EM currencies and risk assets lower has been the weakness in Chinese import volumes.
Rates: The issuance of SOFR-linked securities has slowed.
Food for Thought: Presidential approval ratings vs. consumer sentiment:
Edited by Devon Lall
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