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U.S., Europe and Asia, What is Important This Week

Asia The week starts with data from China. GDP growth of 4% was above the expected 3.6%. In addition, industrial production increased by 4.3% year-on-year in December. The Bank of Japan will make a statement on Tuesday on the outcome…

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German Exports Rise by 1.7% in November

The German Federal Statistical Office reported that exports in the month of November increased by 1.7% MoM, raising exports to 5.7% above pre-pandemic levels. Imports rose 3.3%, following a 5.2% increase in October. Meanwhile, Germany’s trade surplus fell to 10.9…

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Evergrande will Continue to Deliver Housing Units

On Sunday, China Evergrande Group submitted its first progress report on the resumption of construction work. The company’s president pledged to deliver 39,000 real estate units in December. This is 10,000 units less than the previous 3 months. Evergrande is…

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Gold Price Stronger This Morning After Fed Announcements

Gold futures are rising in Asia this morning (Dec 16) after falling towards $1,760 shortly following the Fed announcement. Gold prices rose $5.4, or 0.30%, to $1,785.50 per ounce. Silver is up 10 cents, or 0.45%, at $22.26 an ounce.…

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What to Watch For This Week

Fed Meeting In the last Fed meeting of the year, scheduled for Tuesday and Wednesday, Chairman Jerome Powell and his colleagues are expected to discuss an accelerated end to the central bank’s $120 billion-a-month bond-buying program. Investors will be watching…

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