Greetings,
China: Consumer inflation indicators are in negative territory.
• Headline CPI:
Some of the core CPI weakness was due to a decline in transportation costs, as Bejing asks everyone not to travel over the holidays. The spikes in this index are due to the Lunar New Year timing.
With these trends likely to be transient, the CPI report is unlikely to sway the PBoC for now.
Asia-Pacific: South Korea’s unemployment rate hit a two-decade high.
Japan: Foreigners have been buying Japan’s T-bills and selling bonds.
Eurozone: Mario Draghi appears to be gathering broad-based support to form a new government.
Rates: Agency (Fannie Mae, Freddie Mac, etc.) purchases/guarantees of mortgage loans were massive last year.
Food For Thought: US divorce rates:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
