About: lishitong
Recent Posts by lishitong
Will Dovish Signalling Underscore the Effects of the Upcoming NFP?
On Wednesday evening, November’s ADP Nonfarm Employment Change numbers were released, vastly underperforming expectations with an increase of 127,000 private payroll jobs, well below the estimate of 190,000 and the previous month’s 239,000. The leisure and hospitality sector was the largest gainer, with an increase in 224,000 jobs. The most significant sector losses include manufacturing,Continue Reading
Written on December 1, 2022 at 3:14 am
Categories: Weekly Outlook
Covid Protests Erupt Across China
As frustrations mount over China’s zero covid policy and continued lockdowns, protests, a rare sight in China, have sprung up all over the country. The lastest happened on Sunday, where protesters and and police clashed in Shanghai. In Wuhan, Chengdu and the capital of Beijing, demonstraters have also taken to the streets, citing disatisfaction withContinue Reading
Written on November 28, 2022 at 5:56 am
Categories: Weekly Outlook
FOMC Minutes Point to Less Hawks Decisions
On Wednesday, 24 November (GMT+2), the Federal Open Market Committee (FOMC) released the minutes of its 1-2 November meeting. Reflecting statements multiple officials have made over the last several weeks, the meeting summary concluded that a substantial majority of the Monetary Policy Committee (MPC) agreed it would probably moderate the pace of interest rate hikes.Continue Reading
Written on November 24, 2022 at 3:24 am
Categories: Weekly Outlook
Tencent Wins First Game License in 18 Months
Chinese tech and gaming giant Tencent has been awarded its first license for a video game in 18 months. This comes after the Chinese authorities started its wide-reaching crackdown on big tech companies, implementing legislation like limiting the amount of time children could spend playing games, and freezing the approval of new titles. Beijing hasContinue Reading
Written on November 21, 2022 at 2:44 am
Categories: Weekly Outlook
Geopolitical Headwinds Overshadow Crude Inventory Drop
On Wednesday evening, the EIA Crude Oil Inventories was released, with a draw of 5.4 million barrels – almost 5 million higher than the expected draw of 440,000 barrels. This puts current inventories at 435.4 million barrels, 4% below the 5-year average for this time of the year. Normally, a larger-than-expected drop in the crudeContinue Reading
Written on November 17, 2022 at 2:54 am
Categories: Weekly Outlook
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