December 18, 2020
Every State in U.S. Saw Personal Incomes Drop in Third Quarter
“Every U.S. state saw personal income drop in the third quarter as stimulus wound down, underscoring the need for fresh aid as Congress moves closer to a deal. West Virginia led declines, contracting 30% at an annual rate, as Michigan, Kentucky and Oklahoma all registered drops exceeding 20%, Commerce Department data showed Thursday.”
German Businesses Are Optimistic About Recovery in 2021
“German businesses are hopeful that Europe’s largest economy will pick up in the first half of next year. A gauge measuring expectations for the next six months rose to 92.8 in December from 91.8 the previous month, according to the Ifo institute. Companies were also more optimistic about the current situation, a sign that tough new coronavirus restrictions only affect certain sectors.”
Japan Prices Fall at Fastest Pace in a Decade as BOJ Meets
“Japan’s key consumer prices slid at the fastest pace in 10 years in November, data showed, as the central bank wraps up a policy meeting and the nation battles a resurgence of the coronavirus. Prices excluding fresh food fell 0.9% from a year earlier, as a steeper drop in energy costs drovethe index down further after October’s 0.7% drop, the ministry of internal affairs reported Friday. The result matched the median forecast from economists.”
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.