For the week ended 27 November 2015
- US Q3 growth upwardly revised to 2.1%
- US consumers save rather than spend
- Japan responds to latest recession with fresh stimulus
- Eurozone confidence remains high
- Taxes move Pfizer-Allergan to merge
Markets were unusually calm during this holiday-shortened week, as US economic data were modestly positive and investors seemed unperturbed by the growing expectation of a hike in short-term US interest rates in December. However, Chinese stocks tumbled Friday, as investors grew nervous over officials’ latest efforts to regulate brokers.