Market Analytics and Considerations
Key notes
In the first eleven months of 2022, China’s budget deficit set a new record. Thursday’s data release from the US includes GDP (Q3)
Tokyo will boost its COVID warning to the maximum level, according to a Japan media article
PM Kishida of Japan says he wants Japanese business to invest JPY 100 trillion. ASAP
Hong Kong’s Hang Seng and Shanghai Composite both higher – property stocks on the increase SEC accusations – Alameda’s Ellison and FTX’s cofounder Wang face charges to forgery
Tesla increases its year-end rebate in the US to $7,500.
While the US dollar fell in Asian trade, US equities index futures rose.
Another unforeseen JGB purchase operation by the Bank of Japan
PBOC establishes the central rate for USD/CNY at 6.9713
The Japanese government ups its estimate for Economic growth in fiscal 2023.
Who will they be replaced by and who will lose their FOMC vote in 2023. Doves versus Raptors
The BoJ wins our prize for the most surprising central bank of 2022, according to Goldman Sachs’ projection for the S&P 500 to reach 4000 in 2023.
The German Finance Ministry forecasts a decline in inflation in 2023.
Nikkei 225 +0.34%
Shanghai Composite +0.24% in China
The Tech index rose 5% at one point, according to Hong Kong’s Hang Seng (+2.56%).
Regarding the Chinese financial markets, take more notice of the paragraph above on the additional support promised to the real estate sector, which aided HK in particular in growing.
Major Forex also benefited from the improved sentiment, with respectable increases for EUR, AUD, as well as other currencies versus the US greenback.
The session’s news and data flow was sluggish as traders prepared for the upcoming holiday week.
