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

#48563
Truman
Participant

Tokyo will reportedly raise its coronavirus alert level. Japan reported its first contractionary reading of the Manufacturing PMI in 22 months while South Korea’s Manufacturing PMI remained in contraction for the fifth month in a row.
Japan’s Chief Cabinet Secretary Matsuno said that increasing military cooperation between China and Russia is being monitored.
China’s November Caixin Manufacturing PMI 49.4 (expected 48.9; last 49.2)
Japan’s final November Manufacturing PMI 49.0 (expected 49.4; last 49.4) and Q3 Capital Spending 9.8% yr/yr (expected 6.4%; last 4.6%). November Household Confidence 28.6 (expected 30.3; last 29.9)
South Korea’s Q3 GDP 0.3% qtr/qtr, as expected (last 0.7%); 3.1% yr/yr, as expected (last 2.9%). November trade deficit $7.01 bln (expected deficit of $4.42 bln; last deficit of $6.70 bln). November Imports 2.7% yr/yr (expected 0.2%; last 9.9%) and Exports -14.0% yr/yr (expected -11.0%; last -5.7%). November Manufacturing PMI 49.0 (last 48.2)
Hong Kong’s October Retail Sales 3.9% yr/yr (last -1.4%)
Australia’s November Manufacturing PMI 51.3 (expected 51.5; last 52.7). Q3 Private New Capital Expenditure -0.6% qtr/qtr (expected 1.5%; last 0.0%)
India’s November Manufacturing PMI 55.7 (expected 55.0; last 55.3)