Key data releases this week include: leading economic indicators (Mon), existing homes sales (Tue), durable goods orders (Wed), consumer sentiment (Wed), FOMC meeting minutes (Wed), and Markit manufacturing PMI (Fri).
Haver
November 15, 2017
Total retail sales and spending at restaurants edged 0.2% higher (4.6% y/y) during October following a 1.9% September jump, revised from 1.6%. A 0.1% uptick had been expected in the Action Economics Forecast Survey. Much of the moderation in sales growth was due to a lessened 0.7% rise (5.4% y/y) in motor vehicle & parts sales as it followed a 4.6% jump.
Haver
November 15, 2017
The Consumer Price Index edged up 0.1% m/m (2.0% y/y) in October, exactly in line with the market's expectation from the Action Economics survey. The overall index had jumped a much larger-than-expected 0.5% m/m in September. The core index rose 0.2% m/m (1.8% y/y) in October, up slightly from the 0.1% m/m increase in September.
Deutsche Welle/Agence France-Presse/Deutsche Presse-Agentur/Reuters
November 14, 2017
The German economy expanded 0.8% in the third quarter, ahead of Q2's 0.6% growth and economists' 0.6% consensus forecast. The government's council of economic advisers upgraded its growth forecast for the full year to 2%.
Reuters
November 20, 2017
Deutsche Welle/Agence France-Presse/Deutsche Presse-Agentur/Reuters/The Associated Press
Sunday, November 19, 2017
An effort by German Chancellor Angela Merkel to put together a coalition government ended abruptly when business-friendly Free Democrats pulled out of the talks, raising questions about whether Merkel will be able to serve a fourth term. Merkel said she will talk with President Frank-Walter Steinmeier about what to do next.
Bloomberg
November 13, 2017
China Daily
Tuesday, November 14, 2017
The Chinese government's efforts to put the brakes on credit growth are getting results, data from the People's Bank of China show. In October, growth of the broadest measure of money supply fell to its lowest level since at least January 1996, the central bank said.
Barron’s
November 20, 2017
The S&P 500 has now gone 62 weeks without a drop of 2% or more, the longest streak since 1965.
Barron’s
November 20, 2017
While an exit from NAFTA might be negligible for the U.S. economy as a whole, it would negatively impact supply chains, cross-border investments, and other areas, even in the best case scenario. Industries most affected include: agriculture, consumer staples, and auto manufacturers and suppliers.
Barron’s
November 20, 2017
In the 1990s, there were an average of 436 IPOs per year in the U.S. Last year, there were just 74. Investor interest in just getting low-cost market exposure to the market may be crowding out appetite for IPOs.
Barron's
November 20, 2017
There are some 170 unicorns (private start-ups valued at $1 billion or more). But the math doesn’t always add up. According to a recent study by Stanford University and the University of British Columbia, unicorns are overvalued by 50% on average.

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