Reply To: Traders Market Weekly: Big Tech Earnings and Global PMI


Chinese equities underperformed even though most of the country’s growth figures for December came in well ahead of expectations.
China’s National Bureau of Statistics said that the Chinese economy has been stabilized in 2022 and an improvement is expected to take place in 2023.
Chinese press speculated that interest rates and the reserve requirement ratio could be cut in Q1.
Evergrande is reportedly considering two offshore restructuring options.
Toyota aims to increase its annual production volume by 15.2% to 10.6 mln units but will allow itself to miss the target by up to 10.0%.
China’s Q4 GDP 0.0% qtr/qtr (expected -0.8%; last 3.9%); 2.9% yr/yr (expected 1.8%; last 3.9%). December Retail Sales -1.8% yr/yr (expected -8.6%; last -5.9%), December Industrial Production 1.3% yr/yr (expected 0.2%; last 2.2%), December Fixed Asset Investment 5.1% yr/yr (expected 5.0%; last 5.3%). December Unemployment Rate 5.5% (expected 6.0%; last 5.7%)
Japan’s November Tertiary Industry Activity Index -0.2% m/m (expected 0.2%; last 0.5%)
Singapore’s December trade surplus SGD5.367 bln (last SGD3.344 bln). December non-oil exports -3.3% m/m (expected 1.0%; last -9.2%); -20.6% yr/yr (expected -16.8%; last -14.7%)
Australia’s January Westpac Consumer Sentiment 5.0% (last 3.0%)
New Zealand’s Q4 NZIER Business Confidence -70% (last -42%)