Elliot management warns investors of a high possible rapid inflation. Executive of the hedge fund Elliott Management wrote letter to investors warning that rapid inflation is their biggest concern in the current environment, adding that such a spike would not only collapse bond prices, but potentially lead to a stock market crash.

The annual inflation adjustments for a number of provisions for the year 2017 including tax rate schedules, tax tables, and cost-of-living adjustment for particular tax items have been announced by the Internal Revenue Service (IRS).

Nordic Business Council Philippines (NBCP) issued its 2016 annual report on Philippine and challenges in the trade and investment sectors. Meanwhile the Central Bank expected a strong growth in the economy.

The world-biggest asset management firm, BlackRock Inc warned that withdrawal from EU will damage financial sector in the UK. The nation will face higher unemployment and inflation if Brexit's decision is taken.

The Brazil's central bank will be under pressure to raise interest rate in 2016 amid gripped into the deepening recession. The borrowing cost is expected to rise by 0.25 percent next year. Brazil is suffering from rising inflation and easing productivity.

The Colombian Central Bank is heading towards a hike in interest rate. The Colombian government is keen on checking inflation rise and control the current account deficit.

Falling in line with the economists' forecast, the inflation rate in South Africa rose to 4.8 percent in November, registering its highest since July 2015. Consumer prices marginally rose 0.1 percent during the month. South Africa's currency Rand fell against US dollar, euro and pound. The currency depreciation is likely to be a major risk to the inflation outlook.

Sen. Elizabeth Warren, D-Mass.presented a bill that would pay social security beneficiaries a one-time stipend intended to balance the absence of a cost living adjustment in 2016. Investment News reported that Warren's arrangement calls for the elimination of a tax reduction that allows companies to discount CEO rewards, authorizing the cash to pay those on Social Security.

As the November 22 presidential election is fast approaching, the economic inflation of 35 percent a year is one of the major issues that the next president of Argentina will have to face.

U.S. jobs rate shows highest employment rate in seven years and dollar stays at seven month high. While Japanese and Chinese shares up, Asian stock markets were mixed as condition supports the case for Feds rate hike in December.