Good morning! Back at the ICC & it is a gloomy day (eyes on the Fed as talks of faster tapering got markets jittery on more to come).
Happy to be back! Office looks amazing with the new reno!
And very excited about Bank of Korea this week! Hike, hike, hike! Ahead of the curve!
Happy to be back! Office looks amazing with the new reno!
And very excited about Bank of Korea this week! Hike, hike, hike! Ahead of the curve!
South Korea first 20-day exports off the chart for November, rising +27.6%YoY (from 24% in October) (imports +41.9%).
What was up? Chips & ships (+32.5% & 250%, respectively); And oil +113.6%
Down? Autos down 1.9%.
Where? China +24.2%, U.S. +8.9%, EU 13.1% & Japan 25.2%
What was up? Chips & ships (+32.5% & 250%, respectively); And oil +113.6%
Down? Autos down 1.9%.
Where? China +24.2%, U.S. +8.9%, EU 13.1% & Japan 25.2%
*South Korea export engine continues to be rather robust, driven by strong demand for chips and ships
*Higher China import of Korean goods means that Chinese exports likely to be strong as well as Korean chips are a key input for industrial goods in CH
*The BOK will hike Thursday
*Higher China import of Korean goods means that Chinese exports likely to be strong as well as Korean chips are a key input for industrial goods in CH
*The BOK will hike Thursday
While markets wait for Powell or Brainard to head the Fed, the dollar has strengthened to 96 & EUR weakened to 1.1285 on lockdowns + ECB chief commenting that accommodating to stay low despite CPI>4% & Fed officials saying maybe we should taper faster!
Asia has 2 hikes this wk!
Asia has 2 hikes this wk!
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