Trading plan for 08/12/2017:
In the foreground, there was a substantial growth of imports (17.7% y/y, consensus: 13.0%), which proves the high demand of Chinese producers for goods used in production processes. The export volume was also surprising, as from year to year it recorded as much as 12.3 percent jump. The scale of surprise clearly reflects a deviation from market expectations, which just before the publication were at a modest level of 5.3 percent. At present, Tokyo’s Nikkei 225 and Hong Kong’s Hang Seng gain 1.4% from yesterday’s close and 1.2% respectively. The Shanghai Composite Index (0.7%) is slightly less impressive, whose potential increase is trying hard to limit the companies from the banking sector.
On Friday 8th of December, the main event of the day is the US jobs data release including NFP Payrolls, Average Hourly Earnings, Unemployment Rate and Participation Rate. Besides this data, market participants will keep an eye on the UK Industrial Production and Visible Trade Balance
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