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US: Industrial production to retreat again in December – TDS

Analysts at TD Securities suggest that following a 1.1% MoM rebound, they are looking for the US industrial production to retreat again, posting a -0.5% decline for Dec.

Key Quotes

“We expect weakness in utilities, to a larger extent, and manufacturing to drive production lower during the month.”

“We also forecast a small decline in housing starts to 1,360k in Dec (from 1,380k), while we look for UMich's consumer sentiment index to improve to 100.5 for Jan's preliminary release (from 99.3).”

NZD/USD erases early gains, trades in red near 0.6830

The NZD/USD pair registered modest gains during the Asian trading hours but struggled to push higher and changed its direction with the greenback gath
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China's Premier Li: Will continue to cut taxes on a large scale in 2020

China will continue to cut taxes on a large scale in 2020, China's Premier Li Keqiang told the state media on Friday. "China has the confidence and th
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