Macro Data Impacting Asia 4 - 8 January

04 Jan

Covid continues to be an important factor overhanging the markets.

The US election also in focus as Trump continues to try and overturn the results and we get the Georgia run’s off taking place on Tuesday.

In Europe Brexit deal in place now the practicalities of making it work. Comes as rising covid cases mean more lockdowns are forecast; which is -VE for Asian exporters and the global recovery.

Data Monday starts with a lot of Manufacturing PMI data; giving a guide as to the direction of the trend; with Asia expecting to see a continued improvement. Later in the week we get the Services and Composite PMI’s too.

Focus for many this week will be the US Non Farm Payrolls, but we also get US ISM data. Factory Orders, FOMC minutes and Wholesale Inventories.
For Asia Key data
Japanese Average Cash Earnings and Household Spending.
Taiwan Inflation rate and Trade data
S Korea Current Account
China Foreign Exchange Reserves will be watched.HK Retail sales

For Europe
Eurozone Loans data, Inflation, Consumer Confidence, Sentiment, Retail Sales and Unemployment
German and France; Trade Data, Retail Sales, Unemployment
UK Lending data and Halifax House Prices.

Monday 4 January 
JAPAN Manufacturing PMI
S KOREA Manufacturing PMI
TAIWAN Manufacturing PMI
CHINA Manufacturing PMI
HONG KONG Retail Sales
EUROZONE Manufacturing PMI
GERMANYManufacturing PMI
FRANCE Manufacturing PMI, New Car Registration
UK BoE Consumer Credit, Mortgage Lending, Manufacturing PMI, Mortgage Approvals, Net Lending to individuals.
US Manufacturing PMI, Construction Spending, Total Vehicle Sales (after market).

Tuesday 5 January 
JAPAN No data due
S KOREA  No data due
TAIWAN  No data due
CHINA  No data due
HONG KONG  No data due
EUROZONE Loans to Households and Companies, M3 Money Supply
GERMANY Retail Sales, Unemployment
FRANCE  No data due
UK New Car Sales
US Redbook, ISM New York, ISM Manufacturing (New Orders, Prices, Employment, PMI), API Crude Oil Stock Changes.

Wednesday 6 January 
JAPAN Services and Composite PMI, Consumer Confidence.
S KOREA Foreign Exchange Reserves
TAIWAN  Foreign Exchange Reserves
CHINA Caixin Services and Composite PMI.
HONG KONG  No data due
EUROZONE Services and Composite, PPI
GERMANY Services and Composite PMI, Inflation Rate.
FRANCE Inflation Rate, Consumer Confidence, Services and Composite PMI.
UK Services and Composite PMI.
US MBA Mortgage Applications and 30 yr Mortgage Rate,  Services and Composite PMI, ADP Employment Change, Factory Orders, EIA Oil Report, FOMC Minutes.

Thursday 7 January 
JAPAN Average Cash Earnings, Foreign Bond and Stock Investment,
S KOREA No data due
TAIWAN Inflation Rate, Wholesale Prices
CHINA Foreign Exchange Reserves
HONG KONG No data due
EUROZONE Construction PMI, Core Inflation, Inflation Rate, Sentiment (Economic, Services, Industrial), Retail Sales, Consumer Confidence & Inflation Expectations.
GERMANY Construction PMI
FRANCE Construction PMI, Retail Sales
UK Construction PMI
US Challenger Job Cuts, Initial Claims, 4 Week Average Claims, Continuing Claims, Balance of Trade, Exports, Imports, ISM Non Manufacturing Data (Business Activity, New Orders, Prices, Employment, PMI), EIA Natural Gas Report.

Friday 8 January 
JAPAN Household Spending, Foreign Exchange Reserves, Coincident Index, Leading Economic Index.
S KOREA Current Account
TAIWAN Balance of Trade, Exports, Imports.
CHINA No data due
HONG KONG No data due
EUROZONE Unemployment Rate
GERMANY Balance of Trade, Industrial Production, Exports, Imports, Current Account.
FRANCE Industrial Production, Balance of Trade, Current Account, Household Consumption.
UK Halifax House Price Index,
US Non Farm Payrolls, Unemployment Rate, Ave Hourly Earnings, Ave Weekly Hours, Participation Rate, Wholesale Inventories, Baker Hughes Oil Rig Count, Consumer Credit Change.

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