January Empire State Manufacturing At 13.5
Empire State Manufacturing General Business Conditions Index for Januray came out at 13.5 vs. 11.0 consensus and prior reading of 8.2.
China Retail Sales Up 18.1% In December
China retail sales rose 18.1% y-o-y in December vs. 17.3% November reading. Consensus was at 17.2%.
China Fixed Asset Investments Rose 23.8% In December
China fixed asset investments were up 23.8% y-o-y in December; November reading was at 24.5%. Consensus was at 24.1%.
Chinese Industrial Production Rose 12.8% In December
Industrial production in China rose 12.8 % y-o-y in December; November reading was at 12.4%. Consensus was at 12.3%.
Chinese GDP Rose 8.9% In Q4 2011
China fourth quarter GDP rose 8.9%, vs. prior reading of 9.1% and consensus at 8.7%.
Dry Bulk Weekly – January 16, 2012
Baltic dry index fell 21.8% last week; Capesize Index was down 25.2%; Panamax Index fell 17.8%; Supramax Index was down 12.7%; Handysize Index fell 4.7%.
Tanker Weekly – January 16, 2012
Baltic Dirty Tanker Index rose 3.0%; Baltic Clean Tanker Index rose 12.1%.
U.S. Natural Gas Weekly – January 13, 2012
Total collapse because of oversupply.
U.S. Retail Sales Rose 0.1% In December
U.S. retail sales rose 0.1% in December vs. 0.3% consensus. November reading was at 0.4% (revised from 0.2%). In 2011 retail sales were up 6.5%.
U.S. Petroleum Weekly – January 11, 2012
The price of crude oil is shaped on one side with fears of global economic slowdown and on the other side western countries efforts to discourage Iranian crude oil buying. In my view, geopolitical risks are keeping the price high.
China December CPI Inflation At 4.1%; PPI Inflation At 1.7%
China Consumer Price Index was up 4.1% in December, vs. 4.0% consensus and 4.2% November reading. Food inflation rose from 8.8% to 9.1%..
China Producer Price Index fell to 1.7% from 4.2% in November. Consensus was at 2.1%.
China Macro Data Follow-Up – January 2012
I’ve been quite busy on my day job in last weeks, so now when I finally have some spare time I will follow-up China macro data since the start of the year.
To sum up, Chinese authorities have started to loosen monetary policy after slowdown in manufacturing and slowdown of imports (especially imports of goods which are consumed in China).
Daily Reading – Tuesday, January 10, 2011
The Economist: More damning data
The Reformed Broker: Today in Groupthink: Wall Street’s S&P 500 Estimates
FT Alphaville: Our multi-speed world…
Calculated Risk: NFIB: Small Business Optimism Index increases in December
The Big Picture: Nonfarm Payrolls: A Tale of Two Charts
FT BeyondBRICs: China trade: the bad news
FT BeyondBRICs: China’s Riviera?
Daily Reading – Tuesday, January 3, 2011
The Big Picture: The Cotton Candy Rally
FT Alphaville: “It is a big number…”
FT BeyondBRIC’s: China PMI: beware the calendar effect
FT BeyondBRIC’s: Chart of the week: high-speed rail
The Slope Of Hope: A Major Lesson from Last Year
Streetwise Professor: Time to Short the Russian Market!
The Reformed Broker: The Red Giant (Five Reasons Facebook is Over)
Merry Christmas and Happy New Year!
Merry Christmas and Happy New Year!
Tainted Alpha returns in 2012. Hope you all have nice holidays!