Asia week ahead: Central banks in a wait-and-watch mode

Another big central bank week in Asia is likely to pass without much action. The record monetary easing unleashed earlier in the year means most central banks remain in a wait-and-see mode for the recovery to gain traction. Central banks wait and watch … Central banks in China, Japan, Taiwan, Indonesia and the Philippines meet next week,

Germany: Export recovery continues in October

German exports (seasonally and calendar adjusted) increased by 0.8% month-on-month in October, from 2.3% in September. Imports increased by 0.3% MoM, from -0.1% MoM in September. As a result, the seasonally-adjusted trade surplus narrowed to €19.4 billion in October. On the year, exports were still down by almost 7%. More relief in the offing but longer-term outlook remains

‘The Chinese dragon is all set to fly’ – 2021 Outlook: US cold war, RCEP, and BRI

• Relationship with the US ought to become more predictableunder the presidency of Joe Biden.• Trade tension is likely to ease, but gradually, while competitionin the 5G and tech front will stay.• GDP growth to hit 7.0% next year. Synchronized global recoverywill spur export growth; domestic demand will be key.• Modest fiscal stimulus and a

Hungary: Retail shows the 1st possible sign of W shaped recovery

After a downside surprise in the previous month, September brought a similar story. Consumption has already been weakening and a difficult winter is still ahead of us. The recovery in Hungary’s retail sales continues to weaken. After an unexpected setback in August, the sector’s performance caused a significant downside surprise again. In September, a 2%

Cotton Market Fundamentals & Price Outlook

The latest USDA report featured a small increase in 2019/20 globalproduction and a decrease in 2019/20 global mill-use. The addition to theworld harvest projection was 263,000 bales, bringing the current forecastto 121.6 million. The world consumption figure fell 850,000 bales,bringing the current forecast to 118.2 million.Along with an increase in beginning stocks (+191,000 bales to
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