In today’s briefing:
- HEW: Packing Festive Presents
- Walker’s Weekly: Dr. Jim’s Summary of Key Global Macro Developments -12 Dec 2025
- Iron Ore’s Speculative Run Loses Steam
- CX Daily: Byzantine Billing Holds Back Hospitals’ Private Insurance Push
- Middle East FX: December 12th 2025
HEW: Packing Festive Presents
- Another hawkish repricing occurred, despite little support from the Fed, although the six members favouring higher rates reveal hawkish discomfort beyond current voters.
- Trade with China is still avoiding the trade war well enough to prevent a massive shock, and UK GDP data kept following its residual seasonality rather than fundamental stories.
- It’s all happening next week as central banks and statistical authorities ram releases in before Christmas. Bailey’s bias to pivot should deliver a BoE cut while the ECB holds.
Walker’s Weekly: Dr. Jim’s Summary of Key Global Macro Developments -12 Dec 2025
Central banks in the United States, the Philippines, and India delivered rate cuts amid rising inflation pressures and mixed currency responses.
China’s exports rebounded, Japan’s household spending weakened, and Taiwan recorded exceptional AI driven trade growth.
Diverging economic trajectories highlighted inflation risks, export volatility, and the influence of technology related demand on regional performance.
Iron Ore’s Speculative Run Loses Steam
- Iron ore’s rally appeared sentiment driven, as narrowing mill margins and easing blast furnace activity highlight softening fundamentals and fading demand support.
- Broader technical momentum is weakening as MACD turns bearish and prices retreat from Bollinger resistance, flagging rising downside risks ahead.
- The DCE-SGX spread’s position below key MAs and repeated lower Bollinger band tests signal weak momentum, leaving upside uncertain and the near-term bias tilted bearish.
CX Daily: Byzantine Billing Holds Back Hospitals’ Private Insurance Push
- In Depth: Byzantine Billing System Holds Back Chinese Hospitals’ Embrace of Private Insurance
- Beijing Exchange’s IPO Frenzy Spurs Arbitrage and Regulatory Tightening
- IMF Raises China Growth Forecast, Urges ‘More Forceful’ Property-Sector Intervention
Middle East FX: December 12th 2025
- GCC Central Banks follow the Fed in unison.
- Fitch upgrades Oman’s long-term ratings. Saudi Arabia-UAE’s relationship cools a bit.
- Sar curve, longer end running the show.
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