The Daily Shot Brief – January 5th, 2021

Greetings and Happy New Year,


United States: The updated December manufacturing PMI (from Markit) shows faster growth in the nation’s factory activity.

Source: Daily Shot


However, the report points to rising supply bottlenecks as the pandemic worsened.

Source: Daily Shot


Here is a comment from Markit.

Source: IHS Markit


Eurozone: Germany’s VAT (sales tax) cut will be rolling off from the year-over-year price data, which will result in a CPI rebound.

Source: Pantheon Macroeconomics


Europe: Corporations are betting on productivity improvements.

Source: ECB Read full article


Asia-Pacific: With the launch of its yield curve control (YCC) policy in 2016, the Bank of Japan dramatically slowed the pace of government bond purchases.


Source: Alpine Macro


China: The freight index has gone vertical as export demand soars.

Source: Daily Shot


Separately, banks have ramped up their business loan application rejections in the retail sector.

Source: @ChinaBeigeBook


Food For Thought: China’s investments in Arab countries:

Source: BCA Research

Edited by Devon Lall

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