US Briefing - Monday 02.12
  • Trump To Reimpose Metal Sanctions On Brazil And Argentina
  • US-China Trade Deal Must Include US Tariff Rollback: Global Times
  • China To Sanction US Non-Profits, Halt Navy Visits Over Hong Kong
  • US Federal Reserve Considers Letting Inflation Run Above Target
  • Trump Declines To Participate In House Impeachment Hearing
  • Euro-Area Manufacturing Slump Eases But Job Losses Continue
  • Merkel’s Party Plays Hardball With Coalition Future In Doubt
  • UK Factory Downturn Was Less Severe Than Feared In November
  • Johnson’s Lead Halved, Putting UK In Hung Parliament Territory: Poll
  • Oil Prices Jump On Talk Of Supply Cuts; Brent Touches $62 A Barrel
  • Saudi Arabia Wants OPEC+ To Deepen Oil Cuts Due To Aramco IPO
  • US Equity Futures Reverse Gains After Trump Reimposes Metal Tariffs
The Way Out For A World Economy Hooked On Debt? More Debt

Zombie companies in China. Crippling student bills in America. Sky-high mortgages in Australia. Another default scare in Argentina.


A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. That’s almost three times global economic output and equates to about $32,500 for every man, woman and child on earth.


Much of that legacy stems from policy makers’ deliberate efforts to use borrowing to keep the global economy afloat in the wake of the financial crisis. Rock bottom interest rates in the years since has kept the burden manageable for most, allowing the debt mountain to keep growing. (Bloomberg - Continue Reading)

Black Friday Online Sales Hit All-Time High Of $7.4 Bln

This year’s Black Friday was the biggest ever for online sales, and Adobe Analytics says carts filled on phones, computers and tablets rang up $7.4 billion in transactions, up 43% on the year.


That ranks just behind the $7.9 billion haul of last year’s Cyber Monday, which holds the one-day record for online sales. Adobe ADBE, +0.15%  measures sales at 80 of the top 100 U.S. online retailers.


Adobe expects online sales to hit $9.4 billion this Cyber Monday. Much of the shopping is happening on people’s phones, which accounted for 39% of all online sales Friday and 61% of online traffic. (MarketWatch - Continue Reading)

Angela Merkel Ally's Loss Casts Doubt On German Coalition

The future of German Chancellor Angela Merkel's coalition has been thrown into doubt after her deputy chancellor lost the leadership race of his party. Olaf Scholz, who is also finance minister, lost his bid to become leader of the centre-left SPD.


The party is now expected to vote on whether to stay in the coalition with Ms Merkel's conservative CDU/CSU. Mr Scholz's joint challengers, Norbert Walter-Borjans and Saskia Esken, have been highly critical of the coalition.


Elsewhere on Saturday, the far-right AfD, which is the biggest opposition party in the German parliament, elected Tino Chrupalla, a lawmaker from eastern Germany, to lead the party along with Joerg Meuthen. (BBC - Continue Reading)

Westminster Wary Of Trump’s Visit Just Days Before The Election

President Donald Trump’s arrival in the U.K. just 10 days before Britons head to the ballot box could spell trouble for Prime Minister Boris Johnson, political analysts told CNBC.


The U.S. president, who is scheduled to arrive in London on Monday, is likely to be pressed to comment on a range of hyper-sensitive political issues — ranging from the National Health Service (NHS) to prospective trade talks.


Britons head to the ballot box on Dec. 12, in a vote likely to decide both the fate of the U.K.’s departure from the European Union and the future direction of the world’s fifth-largest economy. (CNBC - Continue Reading)

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