Japan Q3 GDP (second reading) -0.9% q/q vs -0.8% expected

Japan’s economy contracted in Q3 on covid disruptions in a sign that it will be long struggle to ever raise interest rates. GDP annualized -3.6% vs -3.1% expected (first estimate was -3.0%) Private consumption -1.3% vs -1.1% prelim External demand 0.0% vs +0.1%...

Japanese manufacturing sentiment hits a four-month high

The manufacturing Tankan from Reuters hit +22 from +13 a month ago in a climb to the best level in four months. The non-manufacturing index rose to +6 from +1. That’s the best in 22-months but likely doesn’t fully capture the worries about omicron. The yen...

Latest South African covid data shows more reason for hope

Testing picked back up in South Africa yesterday, leading to a jump in cases but the percentage of positive cases ebbed slightly in what could be an encouraging sign. 23 Nov: 605 24 Nov: 1018 25 Nov : 1950 26 Nov : 2173 27 Nov : 2629 28 Nov : 2308 29 Nov :...