Fed Looks Likely to Consider Faster Drawdown in Asset Purchases
“The Federal Reserve looks on course to consider a more rapid drawdown of its mammoth bondbuying program just weeks after it instituted a plan to scale the purchases back in a methodical manner. A trio of policy makers — Vice Chairman Richard Clarida, Governor Christopher Waller and St. Louis Federal Reserve Bank President James Bullard — signaled this week that the topic of a faster taper might be on the table when the Federal Open Market Committee meets Dec. 14-15.”
Bank of England Officials Add to Questions on December Rate Rise
“The Bank of England’s top two officials raised questions about the certainty of an interest-rate increase in December, noting the decision would be finely balanced. Governor Andrew Bailey told the Sunday Times that risks to the U.K. economy are “two-sided” at the moment, with slowing growth and rising inflation. That echoed comments made Friday by Chief Economist Huw Pill.”
South Korean Exports Extend Double-Digit Gains in Early Data
“South Korea’s exports are poised to extend a run of double-digit gains in November, underpinned by chip and ship sales and signaling global demand remains solid in the run up to the year-end holiday season. The value of Korea’s overseas shipments advanced 27.6% during the first 20 days of this month, the customs office reported Monday, following a 24% increase for the whole of October. Imports surged 41.9% during the period, led by a jump in the purchase costs of crude oil, gas and related products.”
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.