NEWS

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Fitch issued a note on Uruguay after the narrow victory of Luis Lacalle Pou of the center-right National Party after 15 years of rule by the center-left Frente Amplio. Pou faces the challenge of reducing a large fiscal deficit in the face of low growth.

Gold and copper producer Newport Goldcorp announced a $1 billion stock buyback program Monday, which could represent about 3.2% of $NEM shares outstanding. The company also updated on it's gold production.

Japan's preliminary industrial production for November came in at -4.2% m/m, much lower than an already anemic expected -2.0%.In May the Nikkei Japan Manufacturing PMIĀ® business outlook turned pessimistic for the first time in six-and-a-half years.

Fitch Ratings is out with a note lowering its outlook on Japanese insurers. They lowered their rating to stable from positive. See biggest risks for Japanese insurers will continue to stem from financial markets in 2020.

Black Friday hopes have seen retail monster Amazon.com stock rally back since $AMZN reported lower than expected third quarter earnings, beating on revenue but missing on EPS. The company has laid the platform for an aggressive Black Friday and Cyber Monday push.

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