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Australia’s PMIs strengthen; Kiwi retail sales rebound in Q3

Chris Scicluna
  • Australia’s PMIs strengthen ahead of release of equivalent European indices.
  • This week’s US economic diary jam-packed ahead of Thursday’s Thanksgiving holiday.
  • Tokyo CPI the highlight of a quiet week in Japan; corporate profits data due in China.

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UK retail sales up as consumers start Christmas shopping

Chris Scicluna
  • Japan’s CPI offers no big surprises in October; composite PMI fell in November.
  • China’s benchmark prime lending rates kept unchanged, in November, as expected.
  • Australian retail sales rebound in October as stores reopen in the state of Victoria.

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Australian employment surges as workers return to the labour force

Chris Scicluna
  • Asian markets mixed after US equities weaken as new shutdowns dominate vaccine news.
  • Australian employment surges as workers return to the labour force, but jobless rate still nudges up.
  • EU leaders’ teleconference the main focus in Europe today.

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UK inflation beats expectations, rising on higher clothes prices

Chris Scicluna
  • Japanese exports rise for 5th consecutive month, imports lift from low levels.
  • EU car registrations fell but French retail sales surged ahead of shop closures.
  • Australian wage growth slowest on record in Q3.

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Japan’s GDP rebounds in Q3; Brexit talks approach end game

Chris Scicluna
  • Japan’s GDP rebounds 5%Q/Q in Q3, led by net exports and consumption.
  • China’s IP up 6.9%Y/Y in October; growth in retail spending and capex picks up.
  • PBoC leaves 1-year medium-term lending facility rate at 2.95%, as expected.

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