Reply To: Traders Market Weekly: Algorithms, Jobs and Holiday Markets



November Caixin Manufacturing PMI 50.7 (expected 49.3; last 49.5)
China’s Caixin Manufacturing PMI for November (actual 50.7; last 49.5) returned into expansion, contrasting with the official Manufacturing PMI (actual 49.4; last 49.5) that was released on Thursday.
China Real Estate Information Corporation noted that the top 100 developers saw a 29.6% yr/yr drop in November revenue.
There was speculation that the People’s Bank of China could cut the reserve requirement ratio before the end of the year to meet liquidity needs.

final November Manufacturing PMI 48.3 (expected 48.1; last 48.7).
October jobs/applications ratio 1.30 (expected 1.29; last 1.29)
October Unemployment Rate 2.5% (expected 2.6%; last 2.6%).
Q3 Capital Spending 3.4% yr/yr, as expected (last 4.5%)
A former Bank of Japan deputy governor said that the central bank could exit negative rate policy in April, once higher pay is secured during annual wage talks.

South Korea’s
November trade surplus $3.80 bln (expected surplus of $1.30 bln; last surplus of $1.63 bln). November Imports -11.6% yr/yr (expected -8.6%; last -9.7%) and Exports 7.8% yr/yr (expected 4.7%; last 5.1%).
Final November Manufacturing PMI 50.0 (last 49.8)

final November Manufacturing PMI 56.0, as expected (last 55.5)

final November Manufacturing PMI 47.7, as expected (last 48.2) and November Commodity Prices -10.5% yr/yr (last -15.8%)
Australia’s Manufacturing PMI remained in contraction for the ninth consecutive month and Japan’s Manufacturing PMI contracted for the sixth month in a row.