The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.
0819 GMT - Singapore's manufacturing output rose 8.5% on year in November, according to data from the Economic Development Board, up from a 1.2% increase in October. On a seasonally adjusted on-month basis, manufacturing output fell 0.4% in November, weighed down by the volatile pharmaceutical sector UOB economists note. Still, strong electronics output was a positive highlight, driven by a surge in the semiconductor and computer segments, UOB adds. UOB estimates that industrial production will grow by approximately 4.0% in 2024, rebounding from the manufacturing slump in 2023, when industrial production contracted by 4.2%. (kimberley.kao@wsj.com)
0739 GMT - China's exports may face pressure in 2025, according to Zhongtai Securities analysts in a research note. They point out that exports have been a significant driver of China's economic growth in recent years. However, potential escalations of tariffs between China and emerging market countries, in addition to the widely discussed U.S. tariff increases, may add pressure to China's exports in 2025, the analysts say. Weakening exports could impact domestic demand by affecting manufacturing investment and consumption, thereby altering domestic supply-demand dynamics and price trends, the analysts note.(tracy.qu@wsj.com)
(END) Dow Jones Newswires
December 26, 2024 03:19 ET (08:19 GMT)
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