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Santa Claus Rally May Not Save Wall Street from Deeper Correction

Many Wall Street analysts are expressing strong doubts about the possibility of a "Santa Claus rally" this year.
 
The third week of December was brutal for stock investors, and there are valid concerns about the global economy cooling based on the latest macroeconomic reports from Asia and Europe.



U.S. House Calls on Myanmar to Release Reuters Journalists

By Patricia Zengerle

WASHINGTON (Reuters) - The U.S. House of Representatives called nearly unanimously on Thursday for the government of Myanmar to release Reuters journalists Wa Lone and Kyaw Soe Oo, who were imprisoned one year ago in a landmark free speech case.

House members voted by 394 to 1 for a resolution calling for release of Wa Lone, 32, and Kyaw Soe Oo, 28, who were found guilty in September of violating Myanmar's Official Secrets Act and sentenced to seven years in prison.




U.S.-led Coalition Destroys Syrian Mosque Used as ISIS Command Center

WASHINGTON (Reuters) - The U.S.-led coalition in Syria destroyed on Saturday a mosque in the town of Hajin which had been used as an Islamic State command and control center, the U.S. military said.

Hajin is the last big town that the Islamic State holds in its remaining enclave east of the Euphrates River. The U.S.-backed Syrian Democratic Forces, spearheaded by the Kurdish militia, have battled to eliminate the jihadists there for several months.




2018: The Year Volatility Came Home to Roost

By Saqib Iqbal Ahmed

NEW YORK (Reuters) - U.S. stocks are down only slightly for 2018, but that masks a volatile year for investors.

Trade-related tensions between the United States and China, weakness in the tech sector, concerns about slowing global growth and jitters about the Federal Reserve marching toward higher interest rates have kept investors on their toes.

Daily gyrations for the S&P 500 Index <.




British Government Is Not Planning for Second Brexit Vote

BRUSSELS (Reuters) - British education minister Damian Hinds said on Sunday the government was not planning for a second referendum, denying reports that ministers were looking at such a vote to break the deadlock over Brexit.

Asked if the government was preparing for a vote, Hinds told Sky News: "No, a second referendum would be divisive. We've had the people's vote, we've had the referendum and now we've got to get on with implementing it.




Nations Agree on Global Climate Pact Rules, But They Are Seen as Weak

By Nina Chestney, Bate Felix and Agnieszka Barteczko

KATOWICE, Poland (Reuters) - Nearly 200 countries overcame political divisions late on Saturday to agree on rules for implementing a landmark global climate deal, but critics say it is not ambitious enough to prevent the dangerous effects of global warming.

After two weeks of talks in the Polish city of Katowice, nations finally reached consensus on a more detailed framework for the 2015 Paris Agreement, which aims to limit a rise in average world temperatures to "well below" 2 degrees Celsius (3.




Snow and Showers Move into the Northeast

 
The weekend will draw to a close with dangerous conditions moving into the Northeast of the U.S., particularly, for residents living close to the Canadian border.
 
Showers will be seen further to the South where the Mid-Atlantic will see precipitation extending into the Ohio Valley.




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