Wolf Money(world market report 4-10 Dec 2023)
Market Summary 4-10 Dec 2023
🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸
+ US consumers’ outlook for inflation in the year ahead plunged to 3.1%, lowest since Mar 2021
+ US economy added 199,000 jobs in Nov, surpassing 150,000 in Oct vs expectations of 180,000 gain
+ US consumer confidence surged to 69.4 in Dec, rising form 61.3 in Nov, surpassing market expectations set at 62
+ US consumer sentiment surged to 69.4 in Dec rising form 61.3 in previous mth, vs expectations set at 62
- US to buy oil for strategic reserve monthly through at least May
- US Strategic Petroleum Reserve stockpile at its lowest in <30 years: industry association
- US oil producers to slow capital spending in 2024: Evercore
+ US jobless rate fell to 3.7% in Nov from 3.9% in Oct
- US consumer credit up by US$5.13bn in Oct, from US$9.06bn rise in previous mth, misses estimates of US$9bn growth
+ US mortgage rates fall to nearly 4-mth low: Freddie Mac
- JP Morgan CEO: Cryptocurrencies should be outlawed
+ Apple to move iPad engineering resources to Vietnam, and aims to build >50m iPhones annually in India
+ Boeing share price hits 29-mth high, Uber share price hit 33-mth high
+ Nvidia set to discuss chip deals in Vietnam next week
🇨🇳 🇨🇳 🇨🇳 🇨🇳 🇨🇳
- China’s CPI fell by 0.5% YoY in Nov vs 0.2% in Oct, fastest decline in CPI since Nov 20
+ China’s exports grew 1.7% YoY to ¥2.1 trillion, imports up 0.6% to ¥1.6 trillion in Nov
- China’s food prices declined 4.2% in Nov, strongest pace in >2 years
- China’s producer prices down 3% in Nov 23 vs 2.6% drop in Oct, 14th straight mth of producer deflation and steepest since Aug
+ China’s imports of chip-making equipment totalled US$4.3bn in Oct, up from US$2.4bn YoY
+ China’s passenger vehicles sales rose 25.5% in Nov YoY to totalled 2.1m units, highest for a mth in 2023
+ China more biggest automakers moved to build semiconductors supply chains
- China’s 8 banks outlook cut by Moody’s on potential credit quality, downgraded HK too
+ China big 4 banks in full drive to build China into a financial powerhouse
+ China unveiled plan to promote further opening-up Shanghai FTZ, pave way for entry to CPTPP
+ CNOOC starts building China’s largest commercial underground oil reserve estimate ¥3bn
+ China cuts visa fees by 25% for travellers from many countries
+ China aiming to realise commercialisation of 6G technology by 2030, expected standard-setting be achieved around 2025
+ Huawei, Ant Gp join forces to build HarmonyOS-based Alipay app
- Dutch gp Prosus trimmed part of US$93bn Tencent stake
- HK stocks around 13-mth lows as data triggers economic concerns
+ HK pushing for deeper ties with ME, China to bring in new capital
- TSMC recorded 7.5% drop in revenue to US$6.6bn in Nov, revenue first 11mths down 4.1% YoY
🇯🇵 🇷🇺 🌍
- Japan’s GDP contraction revised to 2.9% drop on annualised basis in Q3, worse than preliminary estimates
+ Japan’s current account surplus at ¥2.582.8bn in Oct, stay positive for 9th consecutive mth, exceeding forecasts
- Japan household spending declined in real terms by 2.5% in Oct after 2.8% drop in prior mth
+ Japan PM set to make key cabinet changes
+ Russia will post 3.5% GDP growth for 2023: Putin
- Russia annual inflation rose to 7.5% in Nov vs 6.7% in Oct at 9-mth high
+ Russia-China trade first 11 mths reached US$218bn, up by 26% in a year
+ Russian oil exports yielding more revenue than before Ukraine conflict: Bloomberg
+ Russia exports of LNG to EU hit all-time high of 1.75m tons in Nov, largest volumes reportedly shipped to France and Belgium
+ Gold price touched all-time high of US$2100 per ounce
🇪🇺 🇩🇪 🇬🇧 🇫🇷 🇮🇹 🇨🇭
- EU considers restarting WTO case against US over steel tariffs
- EU agrees on landmark AI rules, one of world’s first comprehensive attempts to limit use of AI
- EU and G7 countries price limit imposed on Russian seaborne oil sales has essentially failed: Politico
+ Germany inflation rate confirmed at 3.2% YoY in Nov, at nearly 2.5 yrs low
+ Germany’s DAX hits record high of 16,533 pts
+ VW considering cooperation with Renault on 20,000-euro EV
- BAT writes down US$31.5bn from value of US cigarette brands, citing rise of vaping, shares at lowest since 2010
+ France CAC 40 index at nearly 4-mth high of 7490
+ L’Oreal hit 23.5 years high of 442.65, Hermes Int’l hits 18-week high, LVMH hits 8-week high of 726.8
- Italy formally notified China withdrawal from B&R initiative
- Swiss bank admitted helping American taxpayers and others to hide billions of dollars from US Internal Revenue Services: DOJ
🇦🇺 🇮🇳 🇰🇷 🇸🇦 🇶🇦
- Australia to triple fees on foreign purchases of existing homes
+ India BSE Sensex Index reached fresh record of 69,825
+ South Korea posted current account surplus of US$6.8bn in Oct, remaining positive for 6th straight mth
+ Aramco is ready to work with China in the process of energy transition
+ Saudi PIF is pumping further capital into Alibaba-backed tech venture
+ Saudi PIF in talks at least US$250m in Chinese EV maker Horizons Gp
- Qatar Holding looking to sell 50% stake of £510 million ($644 million) worth of its shares in Barclays: Bloomberg
🇮🇩 🇹🇭 🇻🇳 🇲🇾 🇸🇬
- Indonesia launched WTO dispute against EU over stainless steel import duties
- Indonesia needs to ease service sector restrictions: World Bank
+ Thailand to promote early opening of railways connecting with China
- Thailand to raise minimum wage by 2.37% from Jan 1
+ Vietnam wins sovereign credit upgrade from Fitch ratings on robust FDI, closer to investment grade
+ Vietnam to receive China’s Xi state visit from Dec 12-13
+ Malaysia’s next king wants to revive HSR link project with Singapore, border crossing via Forest City
+ Malaysia to intensify labour market reforms in 2024: Minister
+ YTL Power confirmed AI data centre deal with Nvidia, to provide AI computing services to the country
+ Sg to triple AI talents pool to 15,000 as part of national strategy update: DPM
+ Sg-China signed 24 MOU on corporation including bilateral visa-free policy and upgraded version of FTA during DPM visit
+ Sg sightseeing tour searches in China witnessed a surge after 2 countries reach 30-day mutual visa exemption agreement
+ Nvidia could back an “iconic site” in Sg for booming technology, also construct a new and bigger supercomputer: CEO
+ Sg n China to let each other’s tourists pay with digital yuan
+ Sg signed ground-breaking FTZ with 4 South American nations
Contribution by Derek@valueinvestments chat group. Thank you.
Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.
https://t.me/joinchat/oCgkD3sQFRMzMWM1
Disclaimers
All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.
Comments
Post a Comment