EconomyWeb | Global Economic Outlook
MARKETS • Stocks
Good Medicine: U.S.-Stock Funds Rose 13.4% in November
December 5, 2020
Monthly Monitor: Vaccine success boosts the market as money finally flows into stocks from bonds.
World Stock Markets

Stock Market Data by Investing
The DOW JONES Index - Top 30 Blue Chip U.S. Companies
The EURO STOXX Index - Top 50 Blue Chip European Companies
Stock Market Charts by CNBC
Stock Market
Factors that could halt the bull market charge
December 5, 2020
Investor hubris can be pierced when expectations of further gains are as strong as they are now
FTSE drops 8 Chinese groups from indices after Trump order
December 5, 2020
Ban on investment by US citizens triggers index reshuffle
Energy stocks propel S&P 500 to new record
December 4, 2020
Opec-Russia supply deal and US dollar weakness send oil prices to nine-month high
Australian and NZ companies face pressure over Covid-19 subsidies
December 4, 2020
Firms under fire from investors for paying bonuses and dividends after receiving public cash
Stock Insights
Park City Group, Inc.: Supply Logistics Stock Could Double
December 4, 2020
Park City Group, Inc Is a Play on Supply Chains Improving Global supply chains have been under attack and made worse with the COVID-19 pandemic plunging the world economy into disarray. But despite what you may have heard, existing supply chains will largely stay in place. There could be a few relocations here and there, but global integration is not going away anytime soon. A. The post Park City Group, Inc.: Supply Logistics Stock Could Double appeared first on Profit Confidential.
Pinterest Inc: Social Media Stock Up 33% Since Reporting Q3 Revenue
December 4, 2020
Pinterest Stock Up 223% Year-over-Year & 2021 Could Be Even Better Pinterest Inc (NYSE:PINS) is a great social media tech stock that has done well during the coronavirus pandemic. PINS stock is up 223% year-over-year, 257% year-to-date, and 560% since. The post Pinterest Inc: Social Media Stock Up 33% Since Reporting Q3 Revenue appeared first on Profit Confidential.
This Industry Is Roaring Back to Life: Here’s How to Profit
December 3, 2020
Marijuana Stocks Renew Their Surge In something I long predicted, pot stocks are back. While the naysayers were smug concerning the industry's recent troubles, anyone looking to the future knew that there would be a massive bounce back by cannabis stocks; they've done it many times before. Companies like Canopy Growth Corp (NYSE:CGC),. The post This Industry Is Roaring Back to Life: Here’s How to Profit appeared first on Profit Confidential.
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MARKETS • Currencies
The Week Ahead: Closer look at the housing market
December 4, 2020
CNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.
World Currency Markets

Currency Market Data by Investing
Euro/US Dollar - FX Spot Rate
US Dollar/Japanese Yen - FX Spot Rate
Currency Market Charts by CNBC
Currency Market
XE Market Analysis: Asia - Dec 04, 2020
December 4, 2020
The DXY printed fresh 32-month lows of 90.48 in early N.Y. trade on Friday, posting its eighth-consecutive lower daily low in the process. Risk-on conditions prevailed, resulting in some USD selling, though the major driver of recent USD losses appeared to be Covid vaccine hopes, where widespread distribution over the next few months is expected to see the global economy return to near-normalcy, likely to benefit emerging market economies the most. As a result, repositioning into emerging currencies and out of the Dollar will likely remain a feature.
XE Market Analysis: North America - Dec 04, 2020
December 4, 2020
The euro outperformed moderately during the London morning session, and was showing a 0.5% gain on the weakest of the main currencies, the Australian dollar. Both EUR-USD and EUR-JPY tested their respective 32- and three-month highs from yesterday, though neither the pair nor the cross exceeded these levels. Global asset markets remained buoyant, with European equities showing modest gains and U.S. equity index futures showing 0.3%-plus gains. The EuroStoxx 50 printed a new nine-month high.
XE Market Analysis: Europe - Dec 04, 2020
December 4, 2020
Currencies have settled in relatively narrow ranges so far today, with the dollar and yen consolidating recent sharp declines. Global asset markets have remained buoyed, though mixed. The main U.S. equity indices hit fresh highs yesterday and copper prices today posted new near-seven-year highs today in Asia trading. South Korea's KOPSI pegged a new record peak, though the main equity indices in China, Japan and Australia remained off recent highs. U.S. equity futures also showed moderate gains.
US Dollar Index

US Dollar Currency Index
US Dollar Index Chart by CNBC
Currency Insights
US Dollar Weekly Outlook: In One Word - Frail
December 5, 2020
The US dollar is unloved, oversold and at lows last seen over 30-months ago. At the moment there seems to be very little reason to buy the greenback
Euro Forecast: EUR/USD Consolidation Due as ECB and EU Leaders Meet
December 5, 2020
After the recent strength of EUR/USD, a period of consolidation is likely ahead of two critical meetings: of the European Central Bank and the European Council.
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MARKETS • Commodities
Energy stocks propel S&P 500 to new record
December 4, 2020
Opec-Russia supply deal and US dollar weakness send oil prices to nine-month high
World Commodity Markets

Commodity Market Data by Investing
Brent Crude - Global Benchmark Oil Price
Gold - The London Gold Fixing
Commodity Market Charts by CNBC
Commodity Market
Energy stocks propel S&P 500 to new record
December 4, 2020
Opec-Russia supply deal and US dollar weakness send oil prices to nine-month high
Eni buys 20% stake in UK’s Dogger Bank wind farm project
December 4, 2020
Acquisition from Equinor and SSE marks energy group’s entry into northern European offshore wind market
Denmark to end all new North Sea oil and gas exploration
December 4, 2020
EU’s largest producer phases out fossil fuel extraction in push for climate leadership
Vitol agrees to pay $160m in bribery and manipulation settlements
December 3, 2020
World’s largest independent oil trader resolves cases with US and Brazilian authorities

Crude Oil

Crude Oil WTI - West Texas Intermediate Crude Oil Price
Crude Oil Chart by CNNMoney
Commodity Insights
CFTC Commitments of Traders – Further Downside Risk for Gold Limited
December 5, 2020
According to the CFTC Commitments of Traders report for the week ended December 1, NET LENGTH for crude oil futures declined -5 474 contracts to 517 165 for the week. Speculative long position gained +4 190 contracts, while shorts rose +9 664 contracts. For refined oil products, NET LENGTH for gasoline decreased -4 521 contracts […] The post CFTC Commitments of Traders – Further Downside Risk for Gold Limited appeared first on Action Forex.
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MARKETS • Bonds
10-year Treasury yield rises to a 3-week high after U.S. jobs report
December 4, 2020
Long-dated U.S. Treasury yields dipped on Friday, ahead of a key November jobs report later in the day.
World Interest Rates

Bond Market Data by Investing
U.S. 10 Year Bond Yield - U.S. Treasury Bond
Germany 10 Year Bond Yield - German Government Bond
Bond Market Charts by CNBC
Bond Report
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MARKETS • Outlook
Dow hits record close due to optimism over COVID relief negotiations
December 4, 2020
Dow hits record close due to optimism over COVID relief negotiations

Deputy White House Press Secretary Brian Morganstern offers reaction on 'After the Bell'

Wall Street diversity guidelines filled with loopholes: Gasparino
December 4, 2020
Wall Street diversity guidelines filled with loopholes: Gasparino

Charlie Gasparino on diversity rules, Wall Street

Slack CEO: I’ve always been focused on using tech to facilitate human interaction
December 4, 2020
Slack CEO: I’ve always been focused on using tech to facilitate human interaction

Stewart Butterfield on the future of Slack, Salesforce

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MARKETS • Comment
Malaysia Stock Market Likely Rangebound Again On Friday
December 3, 2020
The Malaysia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had stumbled nearly 50 points or 3 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,630-point plateau and it figures to hold steady in that neighborhood again on Friday.
South Korea Bourse May Run Out Of Steam
December 3, 2020
The South Korea stock market has finished higher in three straight sessions, accelerating more than 100 points or 4 percent along the way. The KOSPI now rests just shy of the 2,700-point plateau although it may spin its wheels on Friday.
TSX Ends Modestly Higher
December 3, 2020
The Canadian stock market ended on a positive note on Thursday, gaining for a third straight day, although buying interest was somewhat subdued with investors looking for more concrete triggers to make significant moves.
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BUSINESS • Today
Brexit stalemate: Boris Johnson and Ursula Von Der Leyen seek to break trade deal deadlock
December 5, 2020
EU and UK negotiators call in leaders in last ditch effort to secure a trade deal.
Business News

Financial News
Stock Buybacks: What Every Investor Needs to Know
December 5, 2020
They have been attacked by many academics and progressive politicians. Now, with a new administration, the battle could soon get even more heated.
Venezuela's Regime Challenges Biden With Sham Election
December 5, 2020
President Nicolás Maduro is expected to win control of congress, and his country will join Cuba and Nicaragua as the only nations in the Americas where a regime dominates all branches of the government and armed forces.
Russia Begins Rollout of Coronavirus Vaccine
December 5, 2020
Doctors, teachers and social workers in Moscow are among the first to receive Russia’s homegrown Covid-19 vaccine, as the virus in the world’s fourth worst-hit country continues to spread at a record pace.
Big Brands Bend on Recycling Costs
December 5, 2020
Trade groups representing companies like Procter & Gamble and PepsiCo are easing their long-held opposition to sharing the costs of dealing with packaging waste.
These Investors Are Riding the Bitcoin Wave to New Highs
December 5, 2020
Bitcoin is surging to records near $20,000, a rally driven in part by the emergence of new investors from individuals to return-starved hedge funds.
These Investors Are Riding the Bitcoin Wave to New Highs
December 5, 2020
Bitcoin is surging to records near $20,000, a rally driven in part by the emergence of new investors from individuals to return-starved hedge funds.
Scientists Investigate Earlier Coronavirus Exposure in Asia
December 5, 2020
Some researchers are taking a closer look at a theory to explain why East Asia has experienced fewer cases and deaths from Covid-19 than the U.S. and Europe.
Barnes & Noble's New Boss Tries to Save the Chain---and Traditional Bookselling
December 5, 2020
CEO James Daunt, having already fixed a big U.K. book chain, has laid off once-powerful managers, overturned relationships with publishers and renovated stores in favor of a more local approach, including a focus on the smallest details. He believes the survival of bookstores is on the line.
How Some Black Startup Founders Are Thriving in a Pandemic Year
December 5, 2020
An unexpected side-effect of lockdowns: It can be easier to get a meeting with a venture capitalist. For minority founders in tech, that’s made a big difference as Silicon Valley reckons with race issues.
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BUSINESS • World
Russia to scrap tax agreement with Netherlands as proposed approach fails to combat capital outflows
December 5, 2020
Preview Russian lawmakers initiated denouncing a tax agreement with the Netherlands. The deal was designed to avoid double taxation, but so far negotiations have come to a deadlock.
Read Full Article at RT.com
British index provider to drop eight Chinese corporations after US blacklisting
December 5, 2020
Preview FTSE Russell, an arm of the London Stock Exchange, announced plans to delete shares of eight Chinese firms from certain products shortly after Washington added them to a blacklist of companies with alleged Chinese military ties.
Read Full Article at RT.com
Smaller Russian oil corporations oust energy giants from top of WWF environmental rating
December 5, 2020
Preview Russia’s oil and gas companies have demonstrated distinctly higher transparency of ecological information, with minor firms taking lead positions in the annual ranking by the World Wildlife Fund Russia and energy consultant Creon.
Read Full Article at RT.com
Company News
International Business
Report Points to Microwave ‘Attack’ as Likely Source of Mystery Illnesses That Hit Diplomats and Spies
December 5, 2020
A government-commissioned report provides the most definitive explanation yet for “Havana syndrome,” which struck scores of American employees, first in Cuba and then in China, Russia and other countries.
The U.S. Education Department extends student loan forbearance through January.
December 5, 2020
The move avoids a cliff at the end of the month that borrowers and loan servicers feared would cause a messy disruption.
With 3 Billion Packages to Go, Online Shopping Faces Tough Holiday Test
December 5, 2020
The season is adding pressure on retailers, strained by a pandemic surge in e-commerce and limited by shippers, to deliver gifts on time.
As Deadline Lapses, Trump Administration Continues TikTok Talks
December 5, 2020
The White House did not extend a Dec. 4 deadline for the Chinese internet company ByteDance to sell TikTok.
Further Slowdown in Job Creation Sets Off Economic Alarms
December 5, 2020
November’s hiring of 245,000, the fifth straight monthly easing in new employment, reinforces calls for action on a fresh relief package.
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BUSINESS • Analysis
Ford delaying Bronco SUV to summer 2021 due to Covid-related issues
December 4, 2020
Ford is delaying the launch of its upcoming Bronco SUV from spring to summer of next year due to coronavirus-related problems in its supply chain.
Stay-at-home order issued for San Francisco Bay Area, ahead of state mandate
December 4, 2020
San Francisco Bay Area health officials announced on Friday that they would implement California's new stay-at-home order early.
CDC advisor says kids could get Covid vaccine in the second half of 2021
December 4, 2020
Children and young teens could get a Covid-19 vaccine in the second half of next year, an advisor for the Centers for Disease Control and Prevention said.
McDonald's is passing along more fees to franchisees, reigniting tensions
December 4, 2020
McDonald's plans to pass along more fees to franchisees next year, risking the wrath of its U.S. operators.

Business Trends
Apple developers can now let you share free copies of your in-app purchases with your family
December 4, 2020
Illustration by Alex Castro / The Verge

If you’ve ever wished you could share an in-app purchase with your family, you may be in luck. Today, Apple announced that subscriptions and one-time in-app purchases can now be shared among families. If you buy a consumable item, like coins in a game, you’ll still be the only one who can use them, but if you unlock an ad-free or pro version of an app it could be eligible for the new Family Sharing program.

Apple announced this change back in June with Big Sur, but it’s finally letting developers flip the switch to allow subscriptions and purchases to be shared.

Continue reading…

Facebook is stepping up moderation against anti-Black hate speech
December 3, 2020
Illustration by James Bareham / The Verge

Facebook has started weighting anti-Black hate speech on its platform as higher priority than hate speech directed at white people, men, and Americans in an effort to address the disproportionate effects such speech has on minority groups, the company tells The Verge.

The result is that Facebook’s automated moderation systems for detecting and taking action against hate speech should now more proactively scan the site for such racist content. Meanwhile, more innocuous forms of hate speech, like those directed at white people or men in general, are deemed lower priority and left alone unless a user reports them. Facebook has internally deemed this approach “WOW,” or “worst of the worst” for the types of behaviors it now wants to focus...

Continue reading…

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BUSINESS • Report
Former Soviet Stronghold In Los Angeles Sells For $7.33 Million
December 5, 2020
The Grammy-nominated pops conductor this week sold his renovated home in the Los Feliz neighborhood of Los Angeles for a little over $7.33 million.
Is This The Week The Cleveland Browns Get A Signature Win?
December 5, 2020
A road win at Tennessee would do the trick.


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