08 January 2021
Chris Scicluna
- Following yesterday's comments flagging the concerns of Japan's authorities about FX developments, the yen weakened briefly through 104/$, the weakest in 3 weeks.
- Japan’s consumption data paint mixed picture for November, but Q4 on track for robust growth; Cabinet Office leading index rises to near 2-year high in November.
- German IP up for seventh successive month with imports outpacing exports.
- Despite ongoing growth in manufacturing, French IP falls due to drop in energy output.
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07 January 2021
Chris Scicluna
- Japan’s labour cash earnings slump far more than expected as pandemic leads to sharp decline in bonuses and continues to weigh on overtime work.
- German factory orders beat expectations with seventh successive monthly rise in November; euro area inflation, retail sales and sentiment indicators still to come.
- Aussie dwelling approvals rise, while trade surplus narrows on import rebound.
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06 January 2021
Chris Scicluna
- Japan’s services PMI revised up, but consumer confidence falls to a 4-month low.
- China’s Caixin services PMI comes off the boil in December.
- French inflation surprises on the downside but consumer confidence leaps.
- Australian services PMI revised down in December.
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05 January 2021
Chris Scicluna
- German retail sales defy downbeat expectations with further strong growth in November.
- Japan’s vehicle sales rise in December but mark worst year since 2011; monetary base growth at 27-month high.
- Australian job ads rise to a 18-month high in December.
- Kiwi house prices record largest quarterly increase since 2004.
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04 January 2021
Chris Scicluna
- Japan’s manufacturing PMI revised up to 50.0 in December, best since April 2019.
- China’s Caixin manufacturing PMI falls to 3-month low in December.
- Australian manufacturing PMI strong in December.
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