Reply To: Traders Market Weekly: Expect the Unexpected


The approval rating of the Japanese government has dropped to 27.4%, the lowest level since last year’s election.
A Bank of Japan survey showed that 85.7% of respondents expect higher prices a year from now, down from 87.1% in last quarter’s report.
Taiwan Semiconductor Manufacturing Company announced that capital spending will be reduced by at least 10% for the fiscal year. China Securities Times reported that some municipalities have purchased properties or encouraged buying by state-owned enterprises to boost confidence in the property market.
Japan’s September PPI 0.7% m/m (expected 0.2%; last 0.4%); 9.7% yr/yr (expected 8.8%; last 9.4%). September Bank Lending 2.3% yr/yr (expected 2.0%; last 1.9%)
Australia’s October Inflation Expectations 5.4% (last 5.4%)
New Zealand’s September FPI 0.4% m/m (last 1.1%)