— The U.S. economy grew 2.8% in the 3rd quarter, per the latest estimate, boosted by both consumer and government spending.
— U.S. consumer spending increased a healthy 0.4% in October, to an annualized rate of just over $20 trillion; consumer confidence inched up after U.S. elections.
— “Core” U.S. consumer prices (minus food and energy) rose at annualized rate of 2.8% in October, considerably higher than the Federal Reserve’s 2% target.
— The U.S. dollar gained strength against the euro, as French budget crisis looms; French debt is 112% of GDP and will cost more to finance as bond yields there have risen.
— More than 40% of largest global companies are including ESG performance in calculating executive pay packages, per KPMG study.
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