The United States: The combination of the Philly Fed and the NY Fed factory indices also signals an increase in the ISM PMI this month.
United Kingdom: The pound’s strength and a lower probability that the BoE will cut rates any time soon sent market-based inflation expectations sharply lower. The greatest declines have been in shorter maturities.
Europe: The German government downgraded its forecast for the nation’s economic growth next year.
Asia-Pacific: Japan’s CPI is about to climb as a result of the sales tax hike. This increase, however, won’t be nearly as dramatic as the 2014 spike.
Equities: Short interest in SPY (S&P 500) ETF, which is one of the most liquid equity securities, has been declining.
Food for Thought: China Twitter trolls going after Daryl Morey:
Edited by Daniel Moskovits
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