22 January 2021
Chris Scicluna
- Japan’s flash manufacturing PMI falls modestly in January but services PMI hits a 5-month low.
- Japan's annual CPI rate falls deeper into negative territory in December, while department store sales remain very weak as pandemic continues to lower footfall.
- UK retail sales post minimal growth in December despite easing of lockdown for much of last month.
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21 January 2021
Chris Scicluna
- BoJ retains key policy settings, extends a couple of fund-provisioning facilities, lowers FY20 growth forecast but slightly upgrades outlook for FY21 and FY22.
- BoJ Senior Loan Officer Survey points to mixed picture on loan demand; lending standards still easing but at a slower rate.
- Australian employment recovery continues in December, lowering unemployment rate to 6.6%.
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20 January 2021
Chris Scicluna
- Italy’s Conte survives Senate vote but support falls short of an outright majority; final December CPI figures ahead today in the euro area.
- China’s benchmark prime lending rates left unchanged, as expected.
- Australian consumer confidence recedes from 9-year high in January, likely due to virus news.
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18 January 2021
Chris Scicluna
- China’s GDP grows 6.5%Y/Y in Q4, above market; IP much stronger than expected in December, but retail sales and capex fall short of expectations.
- Japan’s IP revised to a modest decline in November; Reuters Tankan points to improved manufacturing conditions in January, but service sector conditions weaken.
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15 January 2021
Chris Scicluna
- Japan’s service sector activity contracts unexpectedly in November.
- China’s home price inflation moderates; PBoC retains 1-mth MLF rate at 2.95%.
- UK GDP falls 2.6%M/M in November amid Covid-19 restrictions.
- Aussie housing loan approvals rise to record high; Kiwi house sales surge.
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