Greetings,
United States: Let’s begin with the CPI report, which showed no signs of inflation accelerating. The October headline CPI was a touch higher, with the increase driven by gasoline and medical care prices.
The core CPI declined despite rising healthcare prices.
United Kingdom: The market is pricing in a 33% chance of a BoE rate cut in January.
Europe: Goldman expects an accommodative fiscal policy to provide a modest boost to the Eurozone’s growth over the next couple of years.
Energy: Fitch estimates that 2019 will mark a low point in oil demand growth and forecasts demand to edge higher over the next few years.
Equities: This chart shows the underperformance of the top ten IPOs of 2019.
Food for Thought: The Monmouth poll shows Pete Buttigieg pulling ahead in Iowa Democratic caucuses.
Edited by Daniel Moskovits
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