United States:
U.S. Retail Sales Seen Stagnating in December Due to Virus Surge
“U.S. retail sales probably stagnated in December after declining in recent months as a surge in coronavirus infections led to new business restrictions and limited economic activity during the all-important holiday-shopping season. Economists project Friday’s government report will show that overall receipts at the nation’s retailers were little changed from November, while sales excluding auto dealers fell for a third straight month, according to Bloomberg survey medians.”
Europe:
ECB Won’t Need Extra Stimulus to Fight Pandemic, Economists Say
“The European Central Bank won’t need to boost its monetary stimulus again to pull the euro-area economy out of its current crisis, according to a Bloomberg survey. The latest pandemic lockdowns and a likely double-dip recession for the euro zone aren’t enough to push officials into revamping the ultra-loose policies they set in December, economists said. That means the 1.85 trillion-euro ($2.25 trillion) emergency bond-buying program is seen coming to a halt as scheduled in March 2022.”
Asia:
Bank of Korea’s Lee Warns Against Asset Rally Driven by Debt
“Bank of Korea’s Governor Lee Ju-yeol warned against excessive borrowing that has spurred a rally in the country’s stock and property markets, while pledging to continue support for a fragile economic recovery. Speaking at a briefing after the board unanimously agreed to hold its key rate at 0.5%, Lee said recent gains in the Kospi stock index and housing prices have been rapid, especially when compared with the state of the real economy.”
Disclaimer:
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.
