U.S. Equity Markets fell on concern over global trade risks and disappointing Factory data. The US Dollar and Treasuries declined. The S&P 500 Index slumped on renewed concern the U.S. will slap fresh tariffs on Chinese goods and after President Donald Trump reinstated levies on steel and aluminium from Argentina and Brazil. The risk-off mood spread to Europe, where shares got dragged to the biggest drop in two months. The greenback slid against most major peers, while Treasury 10-year yields had the largest increase in more than three weeks. The latest developments on trade overshadowed hope that the world’s two biggest economies were close to signing the first part of a trade deal. Meantime, an unexpected decline in U.S. manufacturing showed the sector lacked momentum in an environment of corporate investment cutbacks, subdued global demand and a still-simmering trade war. The American manufacturing miss countered signs of recovery in China and Europe. It also revived concern about the U.S. economy and could reignite bets on further Federal Reserve easing, as yesterday afternoon President Trump again called on the Fed to loosen Monetary Policy. Elsewhere, oil rebounded from the biggest weekly loss since October on speculation OPEC+ could defy expectations by deepening production cuts.

To mark my 1950th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it ended the first session of December flat, having made 780 points in November, 1649 points in October, 1620 points in September, 2387 points in August, 1153 points in July, 1346 points in June,1722 points in May, 955 points in April and 1027 points in March. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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