Economy

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Xi Jinping was elected general secretary of the Communist Party of China (CPC) Central Committee for the second term at the first plenary session of the 19th CPC Central Committee on Wednesday.

A new report by Freddie Mac has found that the shortfall of affordable rental units has widened considerably over the past six years.

The US Senate has passed the 2018 budget blueprint which is the foreunner for tax reform. US dollar higher on optimism and that House will be shamed into no further delays. Passes 51-49 vote along party lines.

The 19th National Congress of the Communist Party of China.

Ahead of China's National Congresss we have seen some teasers pop out of Bejing. Latest if from leading Chinese Think Tank, State Information Center saying PBOC should tighten and strengthen controls.

Germany's economic ministry raised GDP forecasts for 2017 and 2018 on Wednesday saying also that robust German domestic consumption will see imports outstripping exports implying Germany will aid European and world growth.

itWith North Korea, Turkey, Iran, Russia and counter terror all hot topics the defense sector will be keeping an eye on The Association of the United States Army annual conference Monday through Wednesday in Washington, D.C. Exhibitors include $MSFT, $LMT and $OA. 

Harvey and Irma saw the U.S. lose more jobs in September than expected. The U.S. jobs report lost 33,000 non-farm jobs, much less than the 80,000 job gains expected the Bureau of Labor Statistics said on Friday. 

Canada's merchandise trade deficit totalled $3.4B in August, widening from a $3B deficit in July. Exports decreased 1% on lower volumes, while imports were unchanged.

New car registrations have collapsed in the U.K in September SMMT report. Seasonally this is particulary concernings as it's the first time UK September car registrations have fallen in 6 years. Diesel vehicle demand has crashed on emission confusion. 

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