Friday, January 4, 2013

20130104 1110 Global Economy Related News.

US  jobless claims  rose 10,000 to 372,000 in the 29 Dec week (a revised 362,000 in the earlier week), higher than consensus of 363,000. (Bloomberg)

The  US ADP employment report revealed very significant strength in private payrolls with the Dec estimate at 215,000 (a revised 148,000 in Nov), above the consensus of 150,000. (Bloomberg)

The US Challenger job-cut report revealed that layoff announcements were very limited in Dec at 32,556 from Nov’s 57,081. This marks the lowest level since Aug and is the third lowest of the whole recovery. (Bloomberg)

The US MBA mortgage applications index fell 14.8% wow in the 28 Dec week (-5.0% in the earlier week), whilst the refinance index lost 23.3% wow (-14.0% in the prior week). (Bloomberg)

US domestic vehicle sales registered at 11.6m in Dec, short of Nov’s 12.0m and underperforming the consensus of 11.7m. (Bloomberg)

Eurozone M3 money supply moderated to 3.8% yoy in Nov from 3.9% in Oct, matching economists’ expectations. (RTTNews)

China’s non-manufacturing PMI improved to 56.1 in Dec from 55.6 in Nov.(Bloomberg)

Singapore’s manufacturing PMI eased slightly to 48.6 in Dec (48.8 in Nov), disappointing forecasts of 49.5. The  electronics sector index weakened further to 46.6 in Dec from 47.4 in Nov, against expectations of a 47.7 reading. (Bloomberg)

India’s current account deficit swelled to US$22.31bn in the quarter ended 30 Sep, the widest in Reserve Bank of India data beginning 1949. (Bloomberg)

Thailand’s Energy Regulatory Commission (ERC) has approved an increase in the fuel adjustment tariff (Ft) rate of 4.04 satang/unit from Jan to Apr, which will mean a corresponding increase in electricity charges. (Bangkok Post)

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