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12 Dec 2014
The day ahead and key events - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted the key events coming up over the weekend.
Key Quotes:
“Today sees Chinese retail sales, industrial production, fixed asset investment and, possibly, monthly money supply and credit numbers (though the latter may be out over the weekend instead)”.
“The expectations are for a very slight further deceleration in activity on all fronts except the consumer sector, which underlines the simple truth that rebalancing the Chinese economy requires slower overall growth to allow consumer spending to gradually increase its share of GDP as investment’s declines.”
“We continue to get mixed signals from the PBOC and the government over how willing it is to allow this shift to occur: the rhetoric says ‘yes’, but the actions on the credit front keep swinging from ‘yes’ to ‘no’.”
“US PPI is expected -0.1% MoM and 1.4% YoY, but risks must surely be to the downside following USD strength and commodity-price weakness, add to the current deflationary impulse, if so”.
“Over the weekend Japan has its snap election: another Abe victory, the universal expectation, is unlikely to be JPY-friendly, leaving the FX war continue to rage. Happy Fridayfolks!”
Key Quotes:
“Today sees Chinese retail sales, industrial production, fixed asset investment and, possibly, monthly money supply and credit numbers (though the latter may be out over the weekend instead)”.
“The expectations are for a very slight further deceleration in activity on all fronts except the consumer sector, which underlines the simple truth that rebalancing the Chinese economy requires slower overall growth to allow consumer spending to gradually increase its share of GDP as investment’s declines.”
“We continue to get mixed signals from the PBOC and the government over how willing it is to allow this shift to occur: the rhetoric says ‘yes’, but the actions on the credit front keep swinging from ‘yes’ to ‘no’.”
“US PPI is expected -0.1% MoM and 1.4% YoY, but risks must surely be to the downside following USD strength and commodity-price weakness, add to the current deflationary impulse, if so”.
“Over the weekend Japan has its snap election: another Abe victory, the universal expectation, is unlikely to be JPY-friendly, leaving the FX war continue to rage. Happy Fridayfolks!”