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

#48508
Truman
Participant

China’s Manufacturing and Non-Manufacturing PMIs fell deeper into contractionary territory in November.
The Japanese government will reportedly pay for its planned increase in defense spending by tapping into a fund designated for FX intervention.
South Korea’s Industrial Production weakened at its fastest m/m pace since May in the November reading.
China’s November Manufacturing PMI 48.0 (expected 49.0; last 49.2) and November Non-Manufacturing PMI 46.7 (expected 48.0; last 48.7)
Japan’s October Industrial Production -2.6% m/m (expected -1.5%; last -1.7%). October Housing Starts -1.8% yr/yr (expected -1.3%; last 1.1%) and Construction Orders 7.9% yr/yr (last 36.6%)
South Korea’s October Industrial Production -3.5% m/m (expected -1.0%; last -1.9%); -1.1% yr/yr (expected 0.0%; last 0.7%). October Retail Sales -0.2% m/m (last -1.9%)
Australia’s October CPI 6.9% yr/yr (expected 7.4%; last 7.3%). October Private Sector Credit 0.6% m/m, as expected (last 0.7%), October Building Approvals -6.0% m/m (expected -1.8%; last -8.1%) and Q3 Construction Work Done 2.2% qtr/qtr (expected 1.5%; last -3.8%)
New Zealand’s October Building Consents -10.7% m/m (last 3.6%). November ANZ Business Confidence -57.1 (last -42.7)