Big Data Analytics Solutions | Financial Services in India |Decimal Point Analysis

Weekly Market Report

14 Dec 2020

14 December 2020

Image
Image
Image

The Market Last Week

Global equities ended lower last week, amid Brexit concerns and lack of progress in US stimulus talks.


UK Markets ended the week in negative territory, amid worries over no-deal Brexit.

UK’s Halifax house prices increased at a faster pace in November.

The BRC like-for-like retail sales advanced in November.

The RICS house price balance rose to a 21-year high in November.

UK’s economy expanded for the sixth straight month in October.

Manufacturing production rose more than market forecast in October.

Industrial production climbed more than market consensus in October.

The NIESR GDP estimate rose in November.

The Rightmove house price index increased on an annual basis in December.

UK’s consumer inflation expectations slowed in November.

Britain posted a trade deficit for the first time in seven months in October.

Bank of England (BoE) Governor Andrew Bailey warned that the Covid-19 pandemic and the shift in trading arrangements between Britain & the European Union posed downside risks to the country’s financial system.




European Markets ended the week on a negative footing, as the European Central Bank (ECB) warned of a slowdown in growth next year.

Eurozone’s gross domestic product (GDP) rose more than market anticipations in 3Q20.

In the Eurozone, the ZEW economic sentiment index rebounded in December.

In the Eurozone, the Sentix investor confidence index improved in December.

Eurozone’s ZEW economic sentiment index jumped in December.

Germany’s ZEW economic sentiment index sharply improved in December.

Germany’s industrial production climbed for a sixth consecutive month in October.

Germany’s trade surplus widened more than market forecast in October.

In Germany, the ZEW economic sentiment index advanced in December.

Germany’s current situation index dropped for a second straight month in December.

In Germany, current account surplus narrowed in October.

In Germany, consumer prices declined for the third straight month in November.




US Markets ended the week in red, amid dismal US jobs data and deadlock in stimulus talks.

The JOLTS job openings unexpectedly advanced to a 3-month high level in October.

The consumer price index (CPI) rose more than market anticipations in November.

US monthly budget deficit narrowed in November.

The Michigan consumer sentiment index unexpectedly advanced in December.

US producer price index (PPI) rose in November.

Initial jobless claims jumped to a 3-month high in the week ended 04 December 2020.

US consumer credit growth slowed in October.

The NFIB small business optimism index fell by the most in seven months in November.

The MBA mortgage applications dropped to a record low in the week ended 04 December 2020.




Asian Markets ended weaker last week, tracking losses in their US counterparts.

Australia’s Westpac consumer confidence index climbed to a 10-year high level in December.

Australia’s NAB business confidence index rose for the fourth straight month in November.

Australia’s consumer inflation expectations remained unchanged in December.

China’s trade surplus unexpectedly widened in November.

China’s house price index advanced in November.

China’s consumer inflation entered negative territory in November for this first time since October 2009.

China’s PPI dropped in November.

Japan’s trade surplus (BOP basis) widened in October.

Japan’s leading economic index advanced for a fifth consecutive month in October.

Japan’s GDP climbed in 3Q20.

Japan’s PPI dropped in November.




Image

Currency Update

The EUR ended lower against the USD last week, as the ECB warned of a slowdown in growth next year.
The British Pound ended weaker against the greenback last week, amid ongoing uncertainty over Brexit talks.
The US Dollar ended mostly stronger against its major counterparts last week, amid lack of progress in US fiscal stimulus.


Image

ECB expands pandemic stimulus by €500 billion

The European Central Bank (ECB) kept its interest rate unchanged at 0.0%, as widely expected. Further, the ECB expanded its massive monetary stimulus program by another €500 billion ($605 billion). Additionally, the central bank extended its asset-buying program by nine months to March 2022, and indicated that it would be open to further changes in the policy.


Image

The Week Ahead

Going ahead this week, investors will keep a tab on the US industrial production, the MBA mortgage application, retail sales, the NAHB housing market index, the Markit manufacturing and services PMIs, Federal Reserve’s interest rate decision, business inventories, building permits, housing starts, initial jobless claims, the Philadelphia Fed manufacturing index, current account balance and the Chicago Fed National Activity Index for further direction. Additionally, Eurozone’s industrial production, the Markit manufacturing and services PMIs, trade balance, construction output, the CPI, current account balance and the consumer confidence index along with Germany’s Markit manufacturing and services PMIs, the PPI, the Ifo indices and the GfK consumer confidence index will keep investors on their toes. Also, UK’s ILO unemployment rate, average earnings including bonus, the CPI, the retail price index, the PPI, the Markit manufacturing and services PMIs, the DCLG house price index, Bank of England’s (BoE) interest rate decision, retail sales and the GfK consumer confidence index would garner significant amount of investor attention.


Image

Send us an email on research@decimalpointanalytics.com for your feedback

To make sure you receive all the emails from Decimal Point, please add us in your address book.

Image


Contact Us

5A, B-Wing, Trade Star Building, J. B. Nagar, Andheri-Kurla Road, Andheri (East), Mumbai - 400 059, Maharashtra, India

www.decimalpointanalytics.com | info@decimalpointanalytics.com | +91 22 4919 5200

Incase you want to unsubscribe from this mailing list please click on the link UNSUBSCRIBE

×

Decimal Point Analytics (DPA) will process the information in this form to share information as requested. By checking the above box you confirm your acceptance to receive the communication. You can unsubscribe any time by clicking the ‘Unsubscribe’ link in the footer of any email you receive from us, or by contacting us at

We use cookies to measure website performance, provide social media features and personalize content.
Close this dialog to confirm you are happy with that, or find out more in the privacy statement.