- China’s budget deficit hit a record high in the first 11 months of 2022
- US data dump coming up Thursday - including GDP (Q3)
- Japan media report - Tokyo to raise its COVID alert to the highest level
- Japanese PM Kishida says he wants JPY 100tln invested by Japan industry ASAP
- SEC charges - Alameda's Ellison and FTX's cofounder Wang plead guilty to fraud
- Hong Kong's Hang Seng and Shanghai Composite both higher - property stocks on the rise
- Tesla doubles year-end discount to $7,500 in the US
- USD falling in Asia trade, US equity index futures higher
- Another Bank of Japan unscheduled JGB purchase operation
- PBOC sets USD/ CNY central rate at 6.9713
- Japan's government raises its fiscal 2023 economic growth forecast (cut for 2022 though)
- Who will lose their vote on the FOMC in 2023, and who will replace them. Hawks vs. doves.
- Goldman Sachs forecast S&P500 to 4000 in 2023
- "The BoJ ... takes out our award for the most unpredictable central bank of 2022"
- German finance ministry says inflation will drop in 2023
- ICYMI - ECB's Centeno said inflation is peaking, will decline quickly in 2023
- Analysts in Australia say that Australia's spending slowdown has begun (big time)
- Tesla China chief brought to US to lift company while child-CEO distracted by social media
- Forexlive Americas FX news wrap: When the AUDNZD is the biggest mover...
- Trade ideas thread - Thursday, 22 December 2022
- US stocks close higher for the 2nd consecutive day
The rises on US equity markets on Wednesday carried on here in the timezone today.
Regional equities, as I post:
Japan’s Nikkei +0.34%
China’s Shanghai Composite +0.24%
Hong Kong’s Hang Seng +2.56% (the Tech index up 5% at one stage)
Re the Chinese equity markets, note the post above on further support promised to the property sector, which helped HK along in particular (home to the listings of many property developers).
The improved sentiment carried over into major FX also, with decent sized gains for EUR, AUD and others against the US dollar.
News and data flow from the session was slow as traders wind down for the holiday week ahead.
AUD/USD a beneficiary of the China strength and USD weakness:
