Next Week News

News of a draft Brexit deal has added to investor optimism from a raft of better-than-expected earnings reports

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While the U.S. has stayed strong, some other major economies are facing recessions.

Amid a global slowdown in economic growth that has seen central banks lower interest rates near zero or below in an effort to provide stimulus, here’s a look at which of the major economies are on high recession alert.

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New Zealand's central bank left the key interest rate unchanged on Wednesday, defying expectations for a reduction, and signaled that it was ready to add more stimulus if needed, in the backdrop of subdued growth and below-target inflation. The Monetary Policy Committee of the Reserve Bank of New Zealand, led by Governor Adrian Orr, decided to keep the Official Cash Rate, or OCR, at 1.0 percent.

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According to a new academic study of bitcoin’s 2017 boom the whole rise of the digital currency may be attributed to a single “large player” who, however, remains unidentified.

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Amazon is best positioned to be the winner of this year’s holiday shopping season.

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Friday’s jobs report will deliver key insights into the U.S. economy.

• November will likely see solid job growth, with economists polled by Dow Jones forecasting 187,000 jobs added last month—one of the highest preliminary estimates this year, thanks to a temporary boost from General Motors autoworkers, who returned to work after weeks of striking for better wages.
• The consensus on the unemployment rate is that it will remain unchanged from last month, hovering at 3.6%.
• The U.S. economy added a much better than expected 128,000 jobs in October, with the unemployment rate at 3.6%—near a 50-year low. But some of the recent jobs data has been confusing, CNBC points out: The latest weekly unemployment claims dropped to a seven-month low, even as recent ADP data showed private sector jobs in November grew at the slowest rate—by just 67,000—in six months.

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China's official GDP forecast is coming out soon. Meanwhile, markets increasingly betting on trade war truce.

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The U.S. police have arrested three individuals in connection to a crypto mining scam that costed investors over 722 million USD.

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What can we learn about the chance of a U.S. recession next year? We review the key data to monitor.

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The World Bank warned that risks to the global economy include tariffs, geopolitical tensions and a fresh global debt crisis.

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