Inflation has begun creeping back into the China’s heating economy, and it was only a matter of time before the government’s hand was forced to tighten exceptionally loose polices. In 2010, a dance between inflation, growth, and government policy will guide Chinese equity markets. Coming into the year growth led the dance with policy and […]
Archive:
January 2010
The December non-manufacturing ISM came in at 50.1 versus 48.7, a month prior. The Bloomberg consensus forecast was 50.5 with estimates ranging from 48.0 to 52.1. The all important employment index finished December at 44.0 versus 41.6 in November. The prices paid index remained well above 50 coming in at 58.7 from 57.8. The standalone […]
The ADP Employment Report indicated a decline of 84K in private sector payrolls in December , compared to a revised drop of 145K a month prior November. This is the lowest level of declines since March 2008. It is unlikely this release will impact Friday’s forecast for no change in non-farm payrolls. Over the past […]
I mentioned this morning that major snow storms in China could place additional pressure on domestic Chinese food prices. I have since received several inquiries about which companies could benefit from this developing pricing dynamic pricing, and here is one answer: Let me take you back to this article on RealMoney, I published on October […]
The manufacturing ISM rose to 55.9 from 53.6 in November. Looking at the components the Prices Paid Index rose to 61.5 in December from 55.0, while New Orders jumped to 65.5 from 60.3 in November. But, the big story may be in the Employment Index, which climbed to 52.0 in December from 50.8. This result […]
China’s ’50-year’ snow storm could cause more than just delays in the country; the last time the country was hit with a similar storm food inflation spiked. In the past Chinese food prices have had significant influence over the country’s CPI. It is still too early to measure the full and long-term impact of the […]