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

#47753
Truman
Participant

Property names in China gave back some of their recent gains after some announced equity raises and restructuring plans.
In addition, house prices decreased for the sixth consecutive month in October.
There was speculation that the People’s Bank of China will lower the loan prime rate.
The U.S.-China Economic and Security Review Commission called on Congress to provide a report on China’s compliance with terms of an agreement from 1999 on market access.
China’s October House Prices -1.6% yr/yr (last -1.5%)
Japan’s September Core Machinery Orders -4.6% m/m (expected 0.7%; last -5.8%); 2.9% yr/yr (expected 7.4%; last 9.7%). September Tertiary Industry Activity Index -0.4% m/m (expected 0.6%; last 0.7%)
Australia’s October MI Leading Index -0.1% m/m (last -0.1%). Q3 Wage Price Index 1.0% qtr/qtr (expected 0.9%; last 0.8%); 3.1% yr/yr (expected 3.0%; last 2.6%)