Macro Data Impacting Asia 14 -18 Dec

12 Dec

Last full trading week before Christmas.
Brexit talks extended, with no new deadline, expect the pound to strengthen on the news. +VE for HSBC and Standard Chartered but slightly -VE for FTSE and Resources.

Covid back in focus as Sanofi and GlaxoSmithKline say their vaccines will be delayed. Also a new US stimulus deal is seemingly no closer now than it was last week. Trump could still surprise, although admitting he lost the election is still unlikely.

The other key focus this week will Central Bank meetings; with the FOMC, BoE, BoJ and and even the Taiwanese in on the act.

For Asia,From China we have House Prices, Retail Sales, Unemployment Fixed Asset Investment and may get FDI. In Japan the Tankan but also Industrial Production, Balance of Trade, PMI and Inflation.S Korea, Unemployment and Export Import prices

In Europe; Industrial Production, PMI, Balance of Trade and Inflation in focus. UK Unemployment, Consumer Confidence and Retail Sales.

For the US PMI and Retail sales data along with Industrial and Manufacturing Production, Tic Flows and on Friday the second round of the US Bank Stress Tests likely to be the main focus along with covid numbers are the initial claims data.

Monday 14 Dec
JAPAN Tankan Survey, industrial Production, Capacity Utilisation, Tertiary Industry Index
S KOREA No data due
TAIWAN No data due
CHINA House Price Index and may get FDI data
HONG KONG Industrial Production
EUROZONE Industrial Production
GERMANY Wholesale Prices, Bundesbank Report
FRANCE  No data due
UK  No data due
US Consumer Inflation Expectations

Tuesday 15 Dec
JAPAN  No data due
S KOREA  No data due
TAIWAN  No data due
CHINA NBS Press Conference, Fixed Asset Investment, Retail Sales and Unemployment Rate
HONG KONG No data due
EUROZONE  No data due
GERMANY  No data due
FRANCE Inflation Rate, IEA Oil Report
UK Claimant Count Changes, Employment Change, Average Earnings, Unemployment Rate
US Import and Export Prices, NY Empire State Manufacturing Index, Redbook, Industrial Production, Manufacturing Production, Capacity Utilisation, IBD/TIPP Economic Optimism, Foreign Bond Investment, Net Long Term Tic Flows, Overall Net Capital Flows, API Crude Oil Stock Change.

Wednesday 16 Dec
JAPAN Balance of Trade, Exports, Imports, PMI Flash Data (Manufacturing, Services and Composite)
S KOREA Export and Import Prices, Unemployment Rate
TAIWAN  No data due
CHINA  No data due
HONG KONG  No data due
EUROZONE PMI Flash Data (Manufacturing, Services and Composite), Balance of Trade, Construction Output, Labour Cost Index, Wage Growth
GERMANY PMI Flash Data (Manufacturing, Services and Composite)
FRANCE PMI Flash Data (Manufacturing, Services and Composite)
UK PMI Flash Data (Manufacturing, Services and Composite)
US MBA Mortgage Applications and 30 yr Mortgage Rate, Retail Sales data, PMI Flash Data (Manufacturing, Services and Composite), Business Inventories, NAHB Housing Market Index, EIA Oil report, FOMC Interest Rate Decision and Press Conference.

Thursday 17 Dec
JAPAN Foreign Stock and Bond Investment
S KOREA  No data due
TAIWAN Interest Rate Decision
CHINA  No data due
HONG KONG Unemployment Rate
EUROZONE New Car Registrations, Core Inflation Rate, Inflation Rate
GERMANY  No data due
FRANCE Business Confidence, Business Climate Indicator
UK BoE Interest Rate Decision
US Initial Claims, 4 week Ave Claims, Continuing Claims, EIA Natural Gas Report, Building Permits, Housing Starts, Philadelphia Fed Manufacturing Index, Kansas Fed Manufacturing Index.

Friday 18 Dec
JAPAN Inflation Rate, Core Inflation Rate, Inflation Ex Food and Energy, BoJ Interest Rate Decision
S KOREA No data due
TAIWAN No data due
CHINA No data due
HONG KONG No data due
EUROZONE Current Account
GERMANY PPI, Ifo Business Climate, Expectations and Current Conditions
FRANCE  No data due
UK Consumer Confidence, Retail Sales data, CBI Industrial Trends
US Current Account , Baker Hughes Total Oil Rig Count, Feb Bank Stress Test Results 2nd Round

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