{
Im Yoon-ah

People

}
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China's Retail Sales Decline Amid Government Support and Economic Concerns

China's November retail sales fell short of expectations, influenced by the timing of the singles shopping festival, leading consumers to shift spending towards government-supported areas. This trend mirrors Japan's 1990s spending voucher initiatives, highlighting the need for fiscal policy to address consumer concerns.In South Korea, President Yoon's impeachment moves to the Supreme Court, with a trial set for December 27, potentially reducing the risk of significant labor strikes. Meanwhile, assorted business sentiment polls are anticipated, though skepticism about their accuracy is advised due to the current climate of sensationalism and political polarization.
China’s November retail sales disappointed. Some of this can be blamed on the timing of the singles shopping festival. The pattern of sales showed consumers spending in areas with government support, but in doing so cut back on areas without government support. This demand switching in an overall subdued demand environment has parallels to Japan’s “spending voucher” initiatives in the 1990s. The data keeps up pressure for fiscal policy to tackle consumers’ apprehensions about the future.
End Federal Reserve USD KOR CHN JPN Im Yoon-ah Paul Donovan Show more
Finance & Economy, Market Report
09:43 16.12.2024

China's retail sales decline amid shifting consumer demand and political tensions

China's November retail sales fell short of expectations, influenced by the timing of the singles shopping festival, leading consumers to shift spending towards government-supported areas. This trend mirrors Japan's 1990s spending voucher initiatives, highlighting the need for fiscal policy to address consumer concerns.In South Korea, President Yoon's impeachment moves to the Supreme Court, with a trial set for December 27, potentially reducing the risk of significant labor strikes. Meanwhile, assorted business sentiment polls are anticipated, though skepticism about their accuracy is advised due to the current climate of sensationalism and political polarization.
China’s November retail sales disappointed. Some of this can be blamed on the timing of the singles shopping festival. The pattern of sales showed consumers spending in areas with government support, but in doing so cut back on areas without government support. This demand switching in an overall subdued demand environment has parallels to Japan’s “spending voucher” initiatives in the 1990s. The data keeps up pressure for fiscal policy to tackle consumers’ apprehensions about the future.
End Federal Reserve USD KOR CHN JPN Paul Donovan Im Yoon-ah Show more
Finance & Economy, Market Report
09:43 16.12.2024

Asian Markets Struggle as US Tech Gains Propel Wall Street Higher

Asian markets opened sluggishly, with the Nikkei up 0.19% and the KOSPI down 1.37%, despite Wall Street's tech-driven gains. Attention is on China's inflation data, expected to show slight improvement, while South Korea faces ongoing political uncertainty that may dampen market sentiment. The Hang Seng Index saw a rally last week, but future gains depend on the upcoming Central Economic Work Conference's outcomes.
IG
United States Dollar South Korean Won Amazon.com, Inc. Tesla, Inc. Broadcom Inc. USA KOR AUS CHN JPN Nikola Tesla Im Yoon-ah Show more
TradFi, Market Report
04:47 09.12.2024
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