Reply To: Traders Market Weekly: Oil Caps, Sanctions and Services

#48430
Truman
Participant

Japan’s October Retail Sales 4.3% yr/yr (expected 5.0%; last 4.8%). October Unemployment Rate 2.6% (expected 2.5%; last 2.6%) and October Jobs/Application Ratio 1.35 (expected 1.35; last 1.34)
Chinese equities rallied amid speculation that the government is looking to speed up coronavirus shots for the elderly and is aiming to avoid excessive restrictions.
China Securities Regulatory Commission said that the ban on share sales by developers will be lifted on Monday.
The Reserve Bank of New Zealand’s Shadow Board sees the official cash rate peaking at 5.00% in 2023 with a risk of “overcorrecting.”
Japan’s Finance Minister Suzuki said that a budget that directs 2.0% of GDP to defense spending is being prepared.
The South Korean government ordered drivers of cement trucks to return to work from a strike.
Taiwan’s domestic growth forecast for 2022 was cut to 3.06% from 3.76% while the outlook for 2023 was lowered to 2.75% from 3.05%.