Compiled by: GaryMa Wu Discusses Blockchain
Summary
Wu Discusses This Week's Macroeconomic Indicators and Analysis: Last week, the Bank of Japan hinted that a rate hike early next year is still possible. This week coincides with the New Year's Eve when domestic and international markets are closed, attention can be paid to the US and China’s December Manufacturing PMI and the number of initial jobless claims in the US for the week ending December 28.
Review of Last Week
Bank of Canada Meeting Minutes: The decision to lower the policy rate by 50 basis points at the December 11 monetary policy meeting was 'almost difficult to reach.' Some officials only hoped for a 25 basis point cut.
Reserve Bank of Australia Releases December Monetary Policy Meeting Minutes: Signals strong hints of interest rate cuts, with potential cuts in 2025.
Bank of Japan Governor Ueda Kazuo's Speech: Reiterates concerns about Trump and 'Shunto' risks, but does not mention next month's rate hike.
Bank of Japan Releases Summary of Opinions from December Monetary Policy Meeting: Hints that a rate hike early next year is still possible.
The number of initial jobless claims in the US for the week ending December 21 was 219,000, expected to be 224,000, previous value 220,000.
Key Events & Indicators This Week
December 31
China's December Official Manufacturing PMI (09:30)
January 02
China's December Caixin Manufacturing PMI (09:45)
US Initial Jobless Claims for the week ending December 28 (Thousands) (21:30)
January 03
US December ISM Manufacturing PMI (23:00)