Reply To: Traders Market Weekly: Thanksgiving, a Time for Reflection

#47711
Truman
Participant

China’s October Retail Sales -0.5% yr/yr (expected 1.0%; last 2.5%), October Industrial Production 5.0% yr/yr (expected 5.2%; last 6.3%), October Fixed Asset Investment 5.8% yr/yr (expected 5.9%; last 5.9%), and October Unemployment Rate 5.5%, as expected (last 5.5%)
Japan’s Q3 GDP -0.3% qtr/qtr (expected 0.3%; last 1.1%); -1.2% yr/yr (expected 1.1%; last 4.6%). Q3 GDP Capital Expenditure 1.5% qtr/qtr (expected 2.1%; last 2.4%), Q3 GDP External Demand -0.7% qtr/qtr (expected -0.2%; last 0.2%), and Q3 GDP Private Consumption 0.3% qtr/qtr (expected 0.2%; last 1.2%). September Industrial Production -1.7% m/m (expected -1.6%; last 3.4%) and Capacity Utilization -0.4% m/m (last 1.2%)
South Korea’s October Import Price Index 19.8% yr/yr (last 24.2%) and Export Price Index 13.7% yr/yr (last 14.7%). October trade deficit $6.70 bln (last deficit of $6.70 bln). October Imports 19.8% yr/yr (last 24.2%) and Exports 13.7% yr/yr (last 14.7%)
India’s October trade deficit $26.91 bln (expected deficit of $26.00 bln; last deficit of $25.71 bln)
China’s National Bureau of Statistics noted that the government will actively expand demand.
Australia’s Prime Minister Albanese met with Chinese President Xi, representing the first meeting between leaders of the two nations in nearly three years.
The Reserve Bank of Australia’s November minutes showed that 25- and 50- bps rate hikes were considered, though a pause in rate hikes has not been ruled out.