Britain’s 10-year gilt yield rose to 0.85% on Friday morning, its highest since July 12th, as investors cheered Brexit clarity at the Boris Johnson’s election victory speech. Johnson promised that "We will get Brexit done on time by the 31st of January, no ifs, no buts, no maybes". Still, the UK will continue to negotiate trade and future relations with the EU until at least the end of 2020.

Wall Street closed mixed on Friday, as investors digested the development of a phase-one trade deal between the US and China and remain expectant of further detail. On Friday, China confirmed they had struck an agreement with the US that includes a phased rollback of tariffs, but offered few specifics. The Dow Jones gained 3 points or closed flattish at 28135. The S&P 500 closed unchanged at 3169. The Nasdaq climbed 18 points or 0.2% to 8735.

US retail trade rose 0.2 percent from a month earlier in November 2019, easing from a revised 0.4 percent growth in October and missing market expectations of 0.5 percent. Sales of gasoline and motor vehicles slowed after a jump in the previous month and spending on clothing and restaurants and bars fell more. November figures include Thanksgiving and Black Friday sales but this year the holiday season fell partially in December. Excluding automobiles, gasoline, building materials and food services, retail sales were 0.1 percent higher last month, after rising by 0.3 percent in October. Year-on-year, retail sales grew 3.3 percent, compared to 3.2 percent in the previous month.

European stocks closed mostly in the green on Friday, after Beijing officials confirmed a phase-one trade deal with the US while PM Johnson's Conservative Party won a comfortable majority in Britain's parliament, paving the way for Brexit on January 31st. The FTSE 100 jumped 80 points or 1.1%; the DAX 30 added 61 points or 0.5%; the CAC 40 gained 35 points or 0.6%; and the IBEX 35 climbed 95 points or 1%. Still, the FTSE MIB lost 62 points or 0.3%.

The offshore yuan gave up most of the earlier losses to trade at 6.966 per USD as China trade negotiators say major progress has been achieved and there is a phase one trade agreement with the US. Chinese officials were speaking during a press conference. Earlier, the yuan weakened near 1% to 7.013 per USD after President Trump tweeted that "The Wall Street Journal story on the China Deal is completely wrong, especially their statement on Tariffs". Markets started to show some anxiety on Friday as no official confirmation of a trade deal was given by neither China nor the US.

Manufacturers’ and trade inventories in the US increased by 0.2 percent from a month earlier in October 2019, recovering from a revised 0.1 percent drop in September and matching market expectations. Stocks at retailers rose by the most (0.3 percent vs 0.1 percent), followed by manufacturers (0.1 percent vs 0.3 percent) and merchant wholesalers (0.1 percent vs -0.7 percent). Year-on-year, business inventories were up 3.1 percent in October.

Consumer prices in Panama dropped 0.3 percent year-on-year in November 2019, following a 0.7 percent decline in the previous month. It reverted the sharpest fall in consumer prices since at least 2008, as prices for housing and utilities remained unchanged after falling 0.3 percent in the previous month, while transport prices declined at a much softer pace of 1.6 percent compared to a 4.7 percent drop in October. Meanwhile, prices declined for furniture (-1.1 percent), clothing (-0.4 percent), recreation & culture (-0.4 percent), and food & beverages inflation slowed (-0.1 percent). Inflation was steady for education once again (0.7 percent) and deflation unchanged for communications (-1.2 percent). On a monthly basis, consumer prices remained unchanged after edging down 0.1 percent in the previous month.

India's trade deficit narrowed to USD 12.12 billion in November 2019 from USD 17.58 billion in the same month a year ago, as imports slumped 12.71 percent to USD 38.11 billion dragged by transport equipment (-48.53 percent), coal, coke & briquettes (-23.21 percent), organic & inorganic chemicals (-21.07 percent), petroleum, crude & products (-18.17 percent), electronic goods (-3.98 percent). Meanwhile, exports fell 0.34 percent to USD 25.98 billion, despite increases in sales of electronic goods (46.13 percent), drugs & pharmaceuticals (20.60 percent), marine products (9.03 percent), engineering goods (6.32 percent), and organic & inorganic chemicals (2.55 percent). In April-November, the trade deficit narrowed sharply to USD 106.84 billion from USD 133.74 billion to the same period in the previous fiscal year.

Ireland’s GDP expanded 1.7 percent on quarter in the three months to September 2019, up from a revised 0.1 percent contraction in the previous period. Positive contributions to growth came from household consumption and foreign trade. Year-on-year, GDP growth advanced to 5.0 percent in the third quarter from a downwardly revised 4.9 percent in the previous three-month period.