Saturday, 20 Apr 2024

Guinean police accused of firing on mourners

Parliament dissolves: What did the Commons achieve in two years?

On today’s podcast, we examine what has been achieved in the Commons as this parliament comes to an end – and discuss campaigning for the upcoming Brexit General Election.

Plus, we talk about new rules coming in for people who fly drones.

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Bull trend confirmed: S&P 500, Nasdaq knife to uncharted territory

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Technically speaking, the U.S. benchmarks’ already-bullish backdrop has strengthened amid a steep early-November market spike.

On a headline basis, each big three benchmark has concurrently tagged all-time highs — and is traversing previously uncharted territory, capped by no true resistance — opening the path to potentially material longer-term follow-through.

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European Economics Preview: Eurozone Economic Confidence Data Due

Economic sentiment data from euro area is due on Wednesday, headlining a busy day for the European economic news.

At 2.30 am ET, France’s Insee is set to issue quarterly GDP data. The economy is forecast to grow 0.2 percent sequentially in the third quarter after rising 0.3 percent in the preceding period.

At 3.45 am ET, France’s household spending figures are due. Spending is expected to show nil growth in September.

At 4.00 am ET, Spain’s INE releases flash inflation data for October. Consumer prices are forecast to remain flat after rising 0.1 percent in September. In the meantime, average gross wages from Hungary is due.

At 4.55 am ET, the Federal Labor Agency publishes Germany’s unemployment data. Economists forecast the number of unemployed to increase 2,000 in October following a decline of 10,000 in September.

At 5.00 am ET, business and consumer confidence survey results are due from Italy. The consumer confidence index is seen at 111.8 in October versus 112.2 in September.

At 6.00 am ET, the European Commission is scheduled to issue euro area economic confidence survey data. The economic sentiment index is forecast to drop to 101.1 in October from 101.7 in September.

At 9.00 am ET, Germany’s flash inflation data is due. Economists forecast inflation to slow to 1 percent in October from 1.2 percent in September.

ISM non-manufacturing bounces back in October

Trump: ‘America is the hottest economy’ in the world

President Trump talks about how China is now paying the United States through tariffs and is also buying from American farmers. He also mentions how many jobs have been created during his presidency.

The U.S. services sector rebounded in October after hitting a three-year low in September.

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The ISM non-manufacturing index rose 2.1 percentage points to 54.7 as respondents remained “concerned about tariffs, labor resources and the geopolitical climate,” according to the Institute for Supply Management. A reading above 50 signals the sector is growing.

Business activity, new orders and employment all showed improvement while prices fell.

The services sector makes up about two-thirds of the U.S. economy.

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The upbeat report on the services sector comes days after a separate report showed America’s manufacturing sector remained in contraction last month. ISM manufacturing rose 0.5 percentage points to 48.3, ending a six-month streak of worsening numbers.

House Democrats call on Mulvaney to give deposition in impeachment probe

House Democrats have requested that acting White House chief of staff Mick Mulvaney give a deposition in the impeachment probe, according to a letter released Tuesday.

In the letter, the three chairmen of the House committees conducting the probe wrote, “Based on evidence gathered in the impeachment inquiry and public reporting, we believe that you possess substantial first-hand knowledge and information relevant to the House’s impeachment inquiry. Specifically, the investigation has revealed that you may have been directly involved in an effort orchestrated by President Trump, his personal agent, Rudolph Giuliani, and others to withhold a coveted White House meeting and nearly $400 million in security assistance in order to pressure Ukrainian President Volodymyr Zelensky to pursue investigations that would benefit President Trump’s personal political interests, and jeopardized our national security in attempting to do so.”

The letter calls on Mulvaney to appear Nov. 9.

This is a developing story. Please check back for updates.

Guinean police accused of firing on mourners

Guinea’s government refused to hand the bodies over until post-mortem investigations were complete.

    There has been violence at a funeral procession for anti-government protesters in Guinea.

    Witnesses say police fired on crowds, killing three people.

    Al Jazeera’s Andrew Chappelle reports.

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