Archives of “December 2019” month

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Its a big week coming up (FOMC, UK election & more) – Asian events to take note of also

  
  Analysis
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Its a huge market week with loads of central bank decisions and more:

  • FOMC (Wednesday 11 December)
  • ECB, SNB and UK election (Thursday 12 December )
Also, take note of events in Asia that could well be significant also:
  • China inflation data for November on Tuesday 10 December
  • Philip Lowe, Governor of the Reserve Bank of Australia. speaks. Also on Tuesday
  • Bank of Japan’s quarterly Tankan survey is on Friday December 13
And, while not during market hours, Sunday December 15 will bring US President Trump’s latest mood swing decision on tariffs on China. Which should set up a volatile Monday morning (the 16th)
Its a huge market week with loads of central bank decisions and more:

China has ordered government offices, public institutions to remove foreign computer equipment & software

  
  Analysis
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The Financial Times reports on the latest from China

China’s administration has ordered all government offices and public institutions to remove foreign computer equipment and software within three years
  • targets Chinese buyers to switch to domestic technology vendors
Sounds like the Chinese version of the Trump admin’s directive to halt ourchases of Chinese tech?
Here is the FT link, may be gated.
And Huawei we go!
Financial Times China microsfot dell
This is unlikely to be viewed as a positive for US-China relations. Should be a ‘risk’ negative.

Here is what’s on the economic calendar in Asia today

  
  Analysis

Plenty on the data agenda for the session.

2145 GMT New Zealand Q3 Manufacturing data

2350 GMT Japan GDP, final for Q3

  • GDP sa q/q
  • GDP annualised sa
  • GDP nominal q/q
  • GDP deflator (an inflation indication)
  • Private consumption
  • Business spending
  • For the preliminary readings and those for Q2, here is the report: Japan GDP (preliminary) for Q3 0.1% q/q (vs. expected 0.2%)

Also at 2350 GMT Japan Balance of Payment Current Account for October

  • BoP Current Account Balance expected Y 1806.8bn, prior Y 1612.9bn
  • BoP Current Account Adjusted expected Y 1731.1bn, prior Y 1485.2bn
  • Trade Balance BoP basis expected Y 138.8bn, prior Y 1.1bn

And, more at 2350 GMT from Japan, bank lending for November

So, a stack of data due from Japan. Its often the case that the data release do not have too much immediate yen impact and I suspect today will be no different. As a general guide though, data disappointments will tend to yen negative (they’ll be read as keeping the BoJ on their massive easing path and perhaps preparing to add more). With such a load of data the results are likely to be mixed.

0110 GMT BOJ JGB purchase operation

  • Bank of Japan Japanese Government Bond purchases in the 10-25, 25+ years left until maturity window
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