December 23, 2024
United States:
Orders for US Business Equipment Rise by Most in Over a Year
Orders placed with US factories for business equipment rebounded in November, posting the strongest monthly advance in over a year.
The value of core capital goods orders, a proxy for investment in equipment excluding aircraft and military hardware, increased 0.7% last month after a revised 0.1% decline in October, government figures showed Monday.
Europe:
Euro-Zone Growth Expectations for 2025 Dialed Back by Economists
The euro-area economy will pick up less momentum next year than previously foreseen and only expand slightly more strongly than in 2024, according to a Bloomberg survey.
Analysts in the poll now predict growth of 1% in 2025. While that’s up from 0.8% this year, it’s down from an earlier estimate of 1.2%.
Asia:
Japan’s Bond Market Is Set to Absorb Biggest Supply in a Decade
Investors are set to face the largest supply of Japanese sovereign bonds in at least a decade as the central bank plans to shrink its balance sheet, adding to debtholders’ woes from rising interest rates.
The Ministry of Finance typically releases a plan in late December on the amount of debt it will sell in the fiscal year starting April 1.
Disclaimer:
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.
