INTERNATIONAL NEWS
01 Dec
Europe close: Midday rally smothered out by US political controversy
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Stocks on the Continent have begun the new month in poor form, with a late advance into the black breaking down as news of the brewing political controversy in the US hit the wires.

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01 Dec
Macy's plans to hire 7,000 seasonal workers after 'great start' to holiday trading
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US department store chain Macy's announced on Friday that it would be hiring 7,000 additional seasonal employees at its stores after a "great start" to the holiday trading period.

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01 Dec
US open: Wall Street down after report ex-NSA Michael Flynn might testify against Trump
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The spotlight on Wall Street shifted rapidly, from Friday afternoon's expected Senate vote on that chamber's proposed tax reforms to the political arena, after news broke that ex-US national security adviser Michael Flynn would testify against the president.

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01 Dec
Reports say Michael Flynn will testify against President
flynn

Former US national security adviser Michael Flynn has been charged with making false statements to the FBI in special counsel Robert Mueller’s probe into Russian meddling in last year’s presidential election, with Wall Street markets falling sharply as reports suggest he will testify against Donald Trump.

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01 Dec
US manufacturing growth remains strong in November, ISM says, new orders rise
renault

The results of the most widely-followed survey of manufacturing conditions in the States dipped slightly last month, but continued to point towards robust conditions in the sector.

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01 Dec
IHS Markit US manufacturing PMI drops to 53.9 in November
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US manufacturing activity slowed a little less than expected in November, according to figures released on Friday.

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01 Dec
US tax reform makes sense but it's not the best moment for stimulus, Fed's Dudley says
William Dudley

An overhaul of US tax legislation is sensible, but it is fair to ask whether now is the best moment to inject fiscal stimulus, the US central bank's number two official said.

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01 Dec
Fed needs to move cautiously on interest rate hikes, Bullard says
bullard

US central bankers need to be more cautious, lest the interest rate curve 'invert', choking off growth, a top rate-setter said.

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01 Dec
Key senate tax reform vote delayed until Friday
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Tax reform in the US introduced by congressional Republicans and Donald Trump hit another stumbling block on Thursday after a key vote in the Senate was pushed back until Friday.

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01 Dec
Corbyn tells Morgan Stanley it is right to consider him 'a threat'
jeremy-corbyn-labour

Labour party leader Jeremy Corbyn told Morgan Stanley that banks were right to consider him a threat due to his plans to overhaul a rigged economy that benefits speculators at the expense of everyday people.

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01 Dec
Billabong receives takeover bid from US rival Boardriders
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Australian surf brand Billabong has received a takeover bid from US rival Boardriders - formerly Quiksilver - which values the group at around AUD198m ($150m).

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01 Dec
Asia report: Markets finish week mixed and oil prices rise further
westpac

Markets in Asia finished mixed on Friday, after a rallying session in the US overnight and a further uptick in oil prices, following an agreement between Russia and OPEC to extend their production limit to the end of 2018.

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01 Dec
DUP threatens to withdraw government support if May backs down on Irish border
dup northern ireland arlene

The Democratic Unionist Party has threatened to remove its support for Theresa May’s government if she makes concessions to the EU on the Irish border as part of Brexit discussions.

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01 Dec
US pre-open: Stocks seen weaker as investors eye vote on tax reform bill
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US futures pointed to a weaker open on Wall Street on Friday as investors awaited a vote on the tax reform bill.

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01 Dec
Trump planning to axe secretary of state Tillerson - reports
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US secretary of state Rex Tillerson will be sacked by President Donald Trump after falling out of favour with the former property mogul, according to reports in the country.

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01 Dec
US close: Wall Street continues to ride tax reform optimism
New York Stock Exchange, NYSE, markets, Wall Street. Photo: Herval

Wall Street continued to push higher on Thursday, amid greater optimism over the likelihood of US tax reforms and the potential impact they might have on stocks.

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