Greetings and Happy New Year,
United States: The updated December manufacturing PMI (from Markit) shows faster growth in the nation’s factory activity.
However, the report points to rising supply bottlenecks as the pandemic worsened.
Here is a comment from 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.
Europe: Corporations are betting on productivity improvements.
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.
China: The freight index has gone vertical as export demand soars.
Separately, banks have ramped up their business loan application rejections in the retail sector.
Food For Thought: China’s investments in Arab countries:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
