December 06 (Wednesday)
Latest Morning Briefing Executive Summary: Over There & Over Here
Europe’s economic outlook is brightening, Melissa reports, perhaps presenting investment opportunities. The ECB’s monetary tightening has corralled inflation but also trampled GDP growth; this spring may bring monetary easing that enables revived growth. … Earlier fears of inadequate energy supplies for winter now appear ill-founded. … However, challenges remain in the form of higher energy costs and discord among EU nations over fiscal rules. … Also: Joe notes that the stock market’s post-October 27 rally has taken a turn for the broader since November 13, with more sectors participating in gains and the S&P 500 Value and Equal Weight indexes way outperforming their counterparts.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on December 4.
Markets
S&P 500 Erases ADP-Fueled Gains as Oil Tumbles | B
The Price Is Right for Indian Stocks | W
Energy
U.S. crude drops below $70 per barrel, gas prices fall to 11-month low | C
Oil Prices: How Russia Punched an $11 Billion Hole in West’s Sanctions Regime | B
Europe’s Gas Prices Could Fall Further Next Year on Subdued Demand, Ample Inventories | W
Central banks
Deflating ‘QT cushion’ may have raised red Fed flag | R
Fed can slash rates and still be ‘higher for longer’ | R
Fed’s Barr Wants Banks Using Discount Window for Liquidity Needs | B
US
Private payrolls increased by 103,000 in November, below expectations, ADP says | C
US Visa Delays To Make Nursing Shortage Worse for Healthcare Industry | B
If Trump Weren’t Running, Biden May Have Skipped 2024 Bid: Biden | B
China
The Chinese Economy Isn’t Doing Nearly as Well as China Says It Is | W
Moody’s cuts China’s credit outlook to negative on rising debt risks | C
Analyst Who Called Chinese Bank Turmoil Says Trusts Are Next | yahoo.com
China starts up world’s first fourth-generation nuclear reactor | R
Geopolitics & trade
Russia’s Putin meets Saudi crown prince in whirlwind Gulf visit | R
Italy tells China it is leaving Belt and Road Initiative | R
The U.S. Can Afford a Bigger Military. We Just Can’t Build It. | W
Industries & companies
Health Care: Senators launch bipartisan probe of private equity’s growing role in U.S. health care | C
Restaurants: Searching for CosMc’s: Investors, Consumers Look for Details on New McDonald’s Brand | W
Retail: Walmart CEO Doug McMillon talks about deflation | C
Corporate finance
Rio Tinto Plans $6.2 Billion Investment in Guinea Iron Ore Project | W
Artificial Intelligence
Google launches its largest and ‘most capable’ AI model, Gemini | C
Beyond markets
Worrying About Pandemics Is So 2020. Should It Be? | W
Taylor Swift tops Time’s (and seemingly everyone else’s) person of the year list | C
