China Dec trade USD terms: Exports -9.9% y/y (expected -10.0%) Imports -7.5% (-9.8%)
Exports USD terms -9.9% y/y forecast was -11.1%, previous -8.7% Imports -7.5% y/y expected -9.8%, previous -10.6% Trade Balance USD 78bn surplus expected $76.20bn, prior $69.84bn – Yuan terms also … Exports -0.5% y/y Imports 2.2% y/y Trade Balance 550.1bn — For 2022 as a whole exports rose 4.3% and imports +10.5% ADVERTISEMENT – CONTINUE […]
Aussie CPI Shows RBA Inflation Battle Tougher Than Expected
Pause for ThoughtWith the RBA being one of the first central banks to pivot on rates this year, the latest Aussie inflation data will no doubt be disappointing. Year-on-year, inflation came in at 7.3% last month, marking a sharp rise from the prior month’s 6.9% and a beat on the 7.2% market forecast. Core inflation […]
US annual CPI inflation drops to 6.5% % in December as expected
The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 6.5% on a yearly basis in December from 7.1% in November. This reading came in line with the market expectation. On a monthly basis, the CPI declined by 0.1% following November’s […]
Headline inflation expected to fall to 2% target in 2H 2025 – ECB economic bulletin
> Headline inflation expected to fall to 2% target in 2H 2025 – ECB economic bulletin The ECB releases its economic bulletin for December Justin Low Thursday, 12/01/2023 | 09:15 GMT-0 12/01/2023 | 09:15 GMT-0 Inflation is expected to decline from an average of 8.4% in 2022 to 6.3% in 2023 Inflation is then expected […]
China December M2 money supply +11.8% vs +12.2% y/y expected
Prior +12.4% New yuan loans ¥1.4 trillion vs ¥1.1 trillion expected Prior ¥1.2 trillion The numbers continue to support the narrative that China is aiding the market recovery at least, particularly so after having been crippled by its previous zero-Covid policy. For some context, the new yuan loans issued throughout 2022 is a record, coming […]
EZ Inflation Falls Further But No ECB Shift Expected Near-Term |
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