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United States
Goldman Sachs’ Q4 GDP tracking estimate is just 1.8%, much lower than GDPNow’s forecast.
Asia-Pacific
New Zealand employment unexpectedly contracted in the third quarter.
China
China’s services-sector expansion slowed in October as growth in new business and export orders moderated.
Emerging Markets
Economists raised their forecasts for Brazil’s policy rate and inflation through 2029 following Lula’s reelection, amid mounting fiscal concerns.
Equities
The share of S&P 500 constituents outperforming the index over the trailing month has risen from 17% to 74% in just a few weeks.
Global Developments
Variant Perception’s global growth and inflation impulses have deteriorated further.
Food for Thought
When were America’s favorite candies invented?
