My Investing Muse

  Public Holidays No public holidays for Hong Kong, Singapore & China in the coming week. Economic Calendar (11Sep2023) Notable Highlights CPI - This will be the most watched macro news for the week as this is the indicator representing inflation. This data will be part of the Fed’s consideration for its coming rate hike. Though the PCE is the preferred indicator, this is still an important reference point. Even the forecast (MoM) points to a CPI increase by 0.4%. PPI is an important reference coming to inflation. While most of us pay attention to CPI, PPI is the inflation indicator that reveals how inflation hits the producers. The PPI precedes CPI as inflation is passed on from the producers to the consumers. An increase in PPI can imply more CPI in the coming weeks. Retail Sales & core retail sales data are good indicators of how consumers are behaving. A higher figure implies more buying. Jobless claims. Initial jobless claims will be announced on Thursday. This woul...

  Reuters reported the  following  news on 17 Feb 2023: China's oil refining capacity overtook the United States as the world's largest in 2022 , an industry official said on Thursday, though its production of fuel products lagged the United States due to low utilisation rates. Total refining capacity in China expanded to 920 million tonnes per year, or 18.4 million barrels per day (bpd), in 2022 Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Association, told reporters. That compares with U.S. refining capacity as of December at 17.6 million bpd, according to the International Energy Agency's latest oil market report. China's total refined products output last year was less than 700 million tonnes (5.1 billion barrels), at an average plant utilisation rate of around 70%, the association said, compared with more than 800 million tonnes in the United States, where average utilisation exceeded 90%. China has 32 refineries with at least 200,000 ...