🇨🇳 #China #Macro Update (1) | Economic data point to a slowdown and even a contraction in several sectors in November.
*Restrictions linked to #Covid_19 affected activity (same as August) as suggested by Airportia data.
*Link: bit.ly/3CUNAjo
🇨🇳 #China #Macro Update (2) | On a YoY basis, the expected slowdown in Nov. could be amplified by a calendar effect given that October figures were artificially boosted by one more business day (compared to Oct. 2020).
🇨🇳 #China #Macro Update (3) | On the positive side, over the quarter, the bottom is probably behind us as the latest #Covid_19 wave seems to be under control.
*Link: bloom.bg/3r6hcIe
🇨🇳 #China #Macro Update (4) | An acceleration in December seems to be the base case scenario in a context where Chinese officials looks ready to support growth through different channels (monetary policy, fiscal policy, easing of property curbs).
🇨🇳 #China #Macro Update (5) | In its latest quarterly monetary policy report, #PBoC dropped previous phrases to “control the valve on money supply” and vowing not to “flood the economy with stimulus,” signaling more credit support in coming months.
bloomberg.com/news/articles/…
🇨🇳 #China #Macro Update (6) | On the fiscal front, China’s State Council called on local governments to sell more special bonds this year in order to boost investment.
*Link: bloom.bg/3r63QMj
🇨🇳 #China #Macro Update (7) | Lastly, #Chengdu becomes first city to relax rules for developers. It comes after:

*China Eases Developer Funding Limits - Bloomberg
*China Cities Ease Land Bidding Rules - Bloomberg

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Christophe Barraud🛢

Christophe Barraud🛢 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @C_Barraud

25 Nov
🇺🇸 #Fed Update (1) | PCE #inflation rose 5.0% YoY (highest since Nov. 1990; vs 4.4% prior).
*Core was 4.1% YoY (highest since Jan. 1991; vs an upwardly revised 3.7% prior).
🇺🇸 #Fed Update (2) | FOMC minutes revealed that once again, doves were completely wrong about #inflation noting that “the most sizable price increases may have already occurred.”
*Link (p.8): federalreserve.gov/monetarypolicy…
🇺🇸 #Fed Update (3) | That view was proved wrong by the CPI reading released a week later and the PCE inflation figures released yesterday.

Read 7 tweets
25 Nov
🇺🇸 #Macro Update (1) | Latest data confirmed that growth will accelerate in 4Q as the latest wave of Covid-19 reached a peak in mid-Sep.
*Oct. figures suggest that households started using accumulated excess savings (since Feb. 2020).
🇺🇸 #Macro Update (2) | Hurricane Ida hit the U.S. in late Aug./beginning of Sep. and affected activity in 3Q.
*Therefore, a positive normalization is expected in 4Q as suggested by the rebound in Industrial Production (especially the Mining component).
*Chart from Bloomberg ⬇
🇺🇸 #Macro Update (3) | Supply chain disruptions have eased a bit since the beginning of 4Q.
*On Tuesday, President Joe Biden said that bottlenecks in the U.S. supply chain are seeing relief.
*It was coherent with the recent retracement of Bloomberg "Supply Constraint Indicator".
Read 5 tweets
12 Sep
🇨🇳 Chinese mainland reports 46 new confirmed COVID-19 cases - CGTN
*20 cases in Fujian province, including 19 in Putian city, authorities said Sunday.
*Link: bit.ly/3tB5l4r ImageImage
🇨🇳 #China Sends Health Team to #Fujian Province After Covid Cases - Bloomberg
bloomberg.com/news/articles/…
Read 4 tweets
12 Sep
🇩🇪 German Social Democrats’ Lead Over Merkel Bloc Widens to Record - Bloomberg
bloomberg.com/news/articles/…
🇩🇪 #Germany | According to Predictit, Olaf Scholz is the biggest favorite to become Chancellor.
*Link: bit.ly/3k0HEiK
🇩🇪 #Germany | An interesting summary of German elections fiscal manifestos from @nghrbi

Read 4 tweets
17 Feb
🌎 It's time to start a new tweetstorm to monitor global trade rebound, which should be larger than exp. in 2021.
*The drag from #Covid_19 restrictions in 🇺🇸 🇪🇺 will ease.
*Uncertainty linked to trade tensions ⬇.
*Leading sectors (semis and autos) already point to a sharp ⬆.
🇯🇵 #Japan | In January, the value of overseas shipments climbed 6.4% YoY (fastest since Oct. 2018), rising for a second month and picking up from December’s 2% pace. Image
🇯🇵 #Japan's exports, machine orders pick up as global demand recovers - Reuters
reuters.com/article/us-jap…
Read 7 tweets
8 Jul 20
🇺🇸 U.S. High Frequency Data Suggest That Economic Recovery Has Stalled Amid #Virus Resurgence
*Link: ⚠ bit.ly/2O9mnT4Image
🇺🇸 As Businesses Reopen, Many Americans Plan to Spend Less - Bloomberg
*More than 40% of adults say they’ll cut back on some of the very discretionary spending needed by struggling retailers.
*Link: bloom.bg/2AGmuCw Image
🇺🇸 Five Real-Time Charts Show Signs U.S. Economic #Recovery Is Faltering - Bloomberg
*Link: bloom.bg/3flL7nh ImageImage
Read 21 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Thank you for your support!

Follow Us on Twitter!

:(