Nov 25, 2016 | Investment Advice

International News (Issue 427) – 25 November 2016

The S&P500 again climbed to a record high this week, breaching 2200 before markets took Thursday off for Thanksgiving.

On the economic front this week we saw data pointing to a post-election jump in US consumer confidence, which is helpful, and alongside the release of this weeks Federal Reserve board meeting minutes from last month, it looks certain that US interest rates will rise at the next meeting on December 8th.

In China this week we saw reports that the big-5 major banks were planning to set up asset-management subsidiaries aimed at facilitating debt-for-equity swaps on problem loans.

This is widely seen as a constructive step in the process towards acknowledging and dealing with China’s bad-debt problem, and could enhance recoveries as well as freeing up locked up capital within the financial system.

U.S. S&P 5002205+18+0.8%
London’s FTSE6829+34+0.5%
Japan’s Nikkei18333+470+2.6%
Hang Seng22608+345+1.5%
China’s Shanghai3242+34+1.1%

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