Dec 6th - Stock Trading 360

[Trade mapping]( AUSTRALIA TRADE BALANCE DATA DUE ON THURSDAY Australia will on Thursday release October numbers for trade balance and retail sales, highlighting a modest day for Asia-Pacific economic activity. The trade balance is expected to show a surplus of A$6.50 billion, down from A$7.180 billion in September. Retail sales are called higher by 0.3 percent, up from 0.2 percent in the previous month. New Zealand will provide Q3 numbers for the volume of all building, with forecasts suggested to show an increase of 1.0 percent on quarter following the 1.5 percent contraction in the three months prior. South Korea will see October results for current account; in September, the surplus was $66.89 billion. [Read More]( U.S. SERVICE SECTOR GROWTH SLOWS MORE THAN EXPECTED IN NOVEMBER A report released by the Institute for Supply Management on Wednesday showed the pace of growth in U.S. service sector activity slowed by more than anticipated in the month of November. The ISM said its non-manufacturing index dipped to 53.9 in November after climbing to 54.7 in October. While a reading above 50 still indicates service sector growth, economists had expected the index to edge down to 54.5. “The non-manufacturing sector had a slight pullback in November,” said Anthony Nieves, Chair of the ISM Non-Manufacturing Business Survey Committee. He added, “The respondents hope for a resolution on tariffs and continue to be hampered by constraints in labor resources.” [Read More]( CRUDE OIL SPIKES ON DROP IN INVENTORIES AHEAD OF OPEC MEETING Crude oil prices showed a substantial move to the upside during trading on Wednesday as traders looked ahead to the start of OPEC’s biannual meeting in Vienna on Thursday. After inching up $0.14 or 0.3 percent to $56.10 a barrel on Tuesday, crude for January delivery spiked $2.33 or 4.2 percent to $58.43 a barrel. The jump in oil prices came after a report from the Energy Information Administration showed a steeper than expected weekly drop in crude oil inventories. The report said crude oil inventories tumbled by 4.9 million barrels in the week ended November 29th compared to estimates for a decrease of about 1.7 million barrels. [Read More]( You are receiving this e-mail because you made a great decision to subscribe to the [stocktrading360.com]( Newsletter. If for any reason you believe you received this email in error, [click here to unsubscribe](. © 2019 Stock Trading 360 All Rights Reserved. 20 North Orange Avenue, Unit 1100 Orlando, Florida 32801