The year 2018 is behind us. And, if we were to describe its effect on the global economy in one word, then you’ll probably agree with us that turbulent fits it perfectly just by looking at the facts.
An endlessly ongoing trade war. Cannabis shares surging in price. Cryptocurrencies hitting record lows. A seemingly disjointed UK parliament failing to progress the Brexit negotiations. All these events sent mixed signals to investors and forced them to constantly re-update their portfolios in the hopes of catching up with the racing market trends.
Will the same thing happen in 2019? Let’s find out.
Hello, and welcome to our latest economic report! From the looks of it, November is poised to exit the 2018 market scene just as energetically as it had made its entrance, promising to bring yet another batch of important (and therefore exciting) economic events for all of us to keep tabs on.
In a nutshell, the hottest events for the 26-30 November interval shape up to be:
Australian retail turnover fell 0.1 percent in December, data released on Monday showed. According to the Australian Bureau of Statistics, household goods sales fell 2.3 percent and other retailing was down 0.2 percent. Clothing, footwear and personal accessory sales were up 1.4 percent; food retailing rose 0.5 percent; as well as cafes, restaurants and takeaway food services: 0.2 percent; and department stores: 0.3 percent.
OPEC’s mission to cut oil production may get a little bit harder to accomplish, as three of its African members increased output in November and production rose to a record 34.16 million barrels a day.