27 October 2020
Chris Scicluna
- Japan’s underlying inflation remains near zero in September.
- China’s industrial profit growth slows in September, but off high base.
- Aussie consumer confidence rises to a 6-month high while Melbourne restrictions lift.
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26 October 2020
Chris Scicluna
- ECB set to be dovish this week, BoJ to revise down its forecasts.
- Euro area and US Q3 GDP data will show vigorous rebound but doubts grow about Q4.
- Japan’s services price data beat expectations, but underlying picture still subdued.
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23 October 2020
Chris Scicluna
,
Emily Nicol
- French flash October PMIs weaken more than expected on pandemic resurgence.
- German services PMIs fall too, but manufacturing output index near 10-year high.
- Japan’s core CPI lifts in September, annual inflation weak in part due to policy measures.
- UK retail sales maintain steady upwards trend, but consumer confidence deteriorates.
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22 October 2020
Chris Scicluna
,
Emily Nicol
- BoJ Financial System Report suggests Japan’s financial system is stable and supportive
- Japanese department store sales still extremely weak in September.
- Confidence of German consumers and French services predictably hit by Covid wave.
- After political theatrics, new more intensive round of EU-UK negotiations to start today. But more active political engagement will eventually be required to do a deal.
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21 October 2020
Chris Scicluna
,
Emily Nicol
- BoJ survey points to some normalization of credit demand in Q3; credit standards ease further.
- UK inflation ticks up a little less than expected in September on end of restaurant subsidies.
- UK public borrowing still trending below OBR projection even as debt ratio rises to 60-year high
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