Caixin China General Services activity increases solidly during December

Caixin China General Services activity increases solidly during December

From markiteconomics.com

Chinese service providers signalled a strong end to 2021, with firms registering faster increases in both business activity and overall new work. Improved sales and efforts to increase capacity led to a further rise in staffing levels. Nonetheless, backlogs of work continued to increase and at the quickest rate for nearly two years. Cost pressures eased, with both input costs and output charges rising at weaker rates. However, uncertainty over the pandemic weighed on business confidence regarding the year ahead, with sentiment slipping to a 15-month low in December. The headline seasonally adjusted Business Activity ... (full story)

- Older Stories
Australian Dollar Forecast: AUD/USD May Rise on China PMI Data
From dailyfx.com|Jan 5, 2022|1 comment
Asia-Pacific traders are likely to see a risk-averse open in today’s session after the sentiment-linked Australian Dollar fell versus the US Dollar. China’s Caixin purchasing ...
January 5 FX Commentary: Bob Iaccino
From youtube.com|Jan 5, 2022
Euro reverses midday and ends the session lower. Bob Iaccino discusses.
Federal Reserve keen to get the ball rolling
From think.ing.com|Jan 5, 2022
The December FOMC meeting saw an important shift in the Fed thinking with an earlier end to QE (by mid-March) with the dot plot signaling three rate hikes in 2022 and three more ...

- Newer Stories
N. Korea says it test-fired hypersonic missile to bolster strategic capabilities
From en.yna.co.kr|Jan 5, 2022|3 comments
North Korea said Thursday that it has successfully conducted a test-firing of a hypersonic missile a day earlier, three months after it first showcased the new weapons system. On ...
BOJ's gov't bond holdings down in 2021 for 1st time in 13 years
From mainichi.jp|Jan 5, 2022
The Bank of Japan said Wednesday its holdings of Japanese government bonds as of the end of 2021 fell for the first time in 13 years as the central bank reduced the pace of its ...
Security relationship with Japan is only the beginning for Australia
From eastasiaforum.org|Jan 5, 2022
Australia has become Japan’s most important security partner after the United States. Japan is the world’s third largest economy and central to outcomes in Australia’s broader ...