Good morning! Here are the major stories in markets you should know about today. Venezeula Is Plunging Even Deeper Into Recession. Venezuela’s economy saw its third consecutive quarter of contraction, with a 2.3% drop in output during the three months to September. The oil-producing nation is also recording dramatic official inflation of close to 5% per month. China Is Slowing. China’s HSBC manufacturing PMI fell to 49.6 in December from 50.0 in November. This was just marginally higher than the flash (preliminary) reading of 49.5. This was the first sub-50 reading since May, and any reading below signals contraction. …read more
Source: Business Insider
