Key data releases this week include: NFIB small business optimism (Tue), PPI (Tue), CPI (Wed), retail sales (Wed), industrial production (Thu), and housing starts (Fri).
New Europe
November 9, 2017
European Commission
Thursday, November 9, 2017
November 10, 2017
Politico Pro
The European Commission says the eurozone economy will expand 2.2% this year, the fastest growth in 10 years, and 2.1% in 2018. "Economic growth and job creation are robust, investment is picking up and government deficit and debt are gradually decreasing," said Vice President Valdis Dombrovskis said.
The Guardian
November 6, 2017
EUobserver
Monday, November 6, 2017
November 6, 2017
Politico Pro
An investigation into 13.4 million leaked documents, known as the Paradise Papers, revealed the way powerful government officials worldwide use offshore jurisdictions to keep their financial matters secret, leading to renewed calls for the UK to crack down on the tax havens governed by British law.
South China Morning Post
November 8, 2017
In October, China's trade surplus with the US hit $26.6 billion, the second biggest total ever recorded, China's customs bureau said. China's sales to the US posted an 8.3% gain, while China's purchases from the US were up 4.3%.
Reuters
November 7, 2017
China, Japan and South Korea must take action to deal with their aging populations if they are to improve productivity enough to achieve sustainable growth, said International Monetary Fund Managing Director Christine Lagarde. Japan can boost productivity through providing equal pay for equal work, reducing working hours and improving access to child care, she said.
Barron’s
November 13, 2017
Senate Republicans disclosed their version of tax reform with important differences from the house proposal. It would delay a corporate tax cut until 2019, end deductions for state and local taxes, leave the seven-bracket structure in place and keep the mortgage-interest-deduction cap of $1 million.
Barron’s
November 13, 2017
The proposed tax legislation that would limit the deductibility of interest to 30% of EBITDA appears to be the final straw for high-yield companies, says Strategas Research. Their bonds were too low in yield by 60 to 70 basis points. “The clear message here is that tax reform is unlikely to be a positive for firms struggling under enormous debt burdens.”
Barron’s
November 13, 2017
Investors who bought the S&P 500 at the market’s previous peak in October, 2007 – just before the financial crisis – have realized a total return of 7.3% per annum. Over that same period, trailing earnings per share grew just 2% annually. The returns of the past decade have come from increases in valuation.
Bloomberg
November 9, 2017
The exploding value of the cryptocurrency since its first real-world transaction in 2010 is one reason the IRS is pushing to see records on thousands of users of Coinbase Inc., one of the biggest U.S. online exchanges. The company’s digital currency platform allows gains to be converted into old-fashioned dollars in transactions that the IRS alleges are going unreported.
Bloomberg
November 13, 2017
Bitcoin is proving that investing in digital currencies isn’t for the faint of heart. After plunging as much as 29 percent from a record high following the cancellation of a technology upgrade on Nov. 8, the largest cryptocurrency came roaring back in early trading Monday before fluctuating between gains and losses. While multiple reasons are being cited for the price volatility, one of the more viable is that some investors are switching to alternative coins.

Pages

Securities offered through American Portfolios Financial Services, Inc. (APFS) Member FINRA/SIPC. Investment Advisory Services offered through Ventura Wealth Management is not affiliated with APFS and APAI.Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc. (APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors.