- The leader of the Democratic Party has solemnly urged the rescheduling on the grounds of the government’s closure, but Trump still plans to deliver an annual State of the Union speech on January 29th.
- US existing home sales in December fell by 6.4% month-on-month, down from expectations by 1.5%. The total number of existing home sales in December was 4.99 million, the lowest since 2015.
- Dalio, who is the founder of Bridgewater said that The United States is possible the recession in 2020, the Fed should rethink the austerity policy
- California Democratic Senator Kamala Harris announced that he will participate in the 2020 US presidential campaign and strive to become the first female president and the second black president.
- Oil prices tumbled on Tuesday as China posted its weakest economic expansion in nearly three decades and the IMF revised its global growth forecast lower, raising fresh concerns about fuel demand.
- Crude futures and equities came under renewed pressure in afternoon trading after the Trump administration canceled a meeting with Chinese counterparts to advance trade negotiations. Saudi Arabia, the world’s largest crude exporter, shipped 8.235 million b/d of crude in November, a 534,000 b/d increase from October. It was the highest Saudi export volume since November 2016, just before OPEC instituted a production cut deal that began January 2017, according to the JODI data.
- This Morning GBPUSD has breached the 1.30 level, we still await any significant news on brexit so this is essentially drifiting up on the hope that we can push something through in the vote next week.
- EU chief Donald Tusk launched a thinly veiled attack on Germany and France after the heavyweights renewed their vows of postwar friendship in a desperate bid to seek strength at the top of the bloc. The EU Council President warned Angela Merkel and Emmanuel Macron’s “strengthened cooperation” should not come at a cost to the wider EU-project. His threat laid bare cracks in the powerhouse as a result of the French President and German Chancellor’s decision to sign off on the Aachen treaty, in their latest attempt to take full control of the European Union and create a bloc-wide army.
Australia & New Zealand
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