Market Talk – Monday, Dec. 14

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.0001 or -0.01% to 0.75340
  • NZDUSD increased 0.0005 or 0.07% to 0.70828
  • USDJPY decreased 0.0090 or -0.01% to 104.01
  • USDCNY decreased 0.0095 or -0.15% to 6.52930

Precious Metals:

  • Gold decreased 10.12 USD/t oz. or -0.55% to 1,828.91
  • Silver decreased 0.051 USD/t. oz or -0.21%% to 23.861

Some economic news from last night:

China:

House Prices (YoY) (Nov) decreased from 4.3% to 4.0%

Japan:

Tankan All Big Industry CAPEX (Q4) decreased from 1.4% to -1.2%

Tankan All Small Industry CAPEX (Q4) increased from -16.1% to -13.9%

Tankan Big Manufacturing Outlook Index (Q4) increased from -17 to -8

Tankan Large Manufacturers Index (Q4) increased from -27 to -10

Tankan Large Non-Manufacturers Diffusion Index (Q4) increased from -11 to -6

Tankan Large Non-Manufacturers Index (Q4) increased from -12 to -5

Tankan Small Manufacturers Diffusion Index (Q4) increased from -38 to -26

Tankan Small Manufacturing Index (Q4) increased from -44 to -27

Tankan Small Non-Manufacturers Diffusion Index (Q4) increased from -27 to -20

Tankan Small Non-Manufacturing Index (Q4) increased from -22 to -12

Capacity Utilization (MoM) (Oct) decreased from 6.4% to 6.0%

Industrial Production (MoM) (Oct) increased from 3.9% to 4.0%

Tertiary Industry Activity Index (MoM) decreased from 2.3% to 1.0%

New Zealand:

External Migration & Visitors (Oct) decreased from -96.70% to -96.80%

Permanent/Long-Term Migration (Oct) increased from 595 to 884

Visitor Arrivals (MoM) decreased from 9.0% to 5.9%

Some economic news from today:

India:

WPI Food (YoY) (Nov) decreased from 6.37% to 3.94%

WPI Fuel (YoY) (Nov) increased from -10.95% to -9.87%

WPI Inflation (YoY) (Nov) increased from 1.48% to 1.55%

WPI Manufacturing Inflation (YoY) (Nov) increased from 2.12% to 2.97%

CPI (YoY) (Nov) decreased from 7.61% to 6.93%

New Zealand:

Westpac Consumer Sentiment (Q4) increased from 95.1 to 106.0

EUROPE/MIDDLE EAST:

London and Brussels agreed on Sunday to “go the extra mile” in the coming days to try to reach an elusive trade agreement despite missing their latest deadline to avert a turbulent exit for Britain from the European Union’s orbit at the end of the month. British Prime Minister Boris Johnson and the president of the EU’s executive Commission, Ursula von der Leyen had given negotiators a Sunday deadline to find a way to resolve an impasse on arrangements that would guarantee Britain zero-tariff and zero-quota access to the EU’s single market.

British Prime Minister Boris Johnson has hailed the “incredible things” being done by India in the solar energy sector as he warned that the emergency facing the world from climate change was far more destructive than even the coronavirus pandemic. Johnson said this in his address to the Climate Ambition Summit this weekend, co-hosted by the UK to mark the fifth anniversary of the Paris climate agreement.

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