Highlights:

• The global economy continues to generate synchronised growth and markets are expecting these conditions to continue into 2018.

• In the US, both houses of Congress have approved bills to reform and lower corporate and personal taxes paving the way for new tax laws in coming months.

• In Europe, business conditions are at 16-year highs suggesting that the Eurozone can continue to generate above-average economic growth.

• In China, regulators continue to try to reign in credit growth and curb speculative investment.

• The Australian economy is being impacted by weak wages growth which is leading consumers to rein in spending.

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