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Gold Spot

Gold prices fell more than 1% on Friday and the metal was heading for a second straight weekly drop as the dollar continued its upturn, overshadowing bullion’s appeal as an inflation hedge after the U.S. president-elect proposed a new $1.9 trillion stimulus package.

Technical Resistance: 1838/1845

Technical support: 1800/1788

Market headlines:

  • China’s economy picks up speed in fourth quarter, ends 2020 in solid shape after COVID-19 shock
  • Foreign investors emerge net buyers of Malaysian stocks despite state of emergency declaration – MIDF Research
  • Goldman Sachs nudges U.S. growth forecast higher on Biden stimulus plan
  • USDMYR traded at 4.0500

Economic data:

  • 18 Jan 2021 Malaysia time 10:00 am – China GDP (YoY) (Q4)
  • 18 Jan 2021 Malaysia time 3:00 pm – China Industrial Production (YoY) (Dec)
  • 18 Jan 2021 Malaysia time 9:30 pm – Bank of England Gov Bailey Speaks

 

China’s economy picks up speed in fourth quarter, ends 2020 in solid shape after COVID-19 shock

China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic raged unabated. The world’s second-largest economy has surprised many with the speed of its recovery from the coronavirus jolt, especially as policymakers have also had to navigate tense U.S.-China relations on trade and other fronts. Gross domestic product (GDP) expanded 6.5% year-on-year in the fourth quarter, data from the National Bureau of Statistics showed on Monday

Foreign investors emerge net buyers of Malaysian stocks despite state of emergency declaration – MIDF Research

International investors bought 326.1 million ringgit ($80.68 million) net of Malaysian equities last week, MIDF Research said in its Monday report, citing bourse data. Contrary to expectations, the buying interest continued even after a declaration of state of emergency was declared in the country last Tuesday, the research house said.

Goldman Sachs nudges U.S. growth forecast higher on Biden stimulus plan

Analysts at Goldman Sachs Group raised their U.S. growth forecast for the second time this month on expectations that President-elect Joe Biden’s fiscal stimulus plan will hasten the economy’s recovery from the COVID-19 pandemic. The bank expects economic growth of 6.6% in 2021, compared with a previous forecast of 6.4%, according to a report published on Saturday. It also raised forecasts for how much stimulus the new administration will be able to push through in the near-term, to $1.1 trillion from $750 billion. Biden outlined a $1.9 trillion stimulus package proposal on Thursday, saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines to bring the coronavirus under control.

 

Source: Bloomberg, CNBC, Reuters

黄金现货

黄金价格上周五下跌超过1%,金属正走向连续第二周回落,因美元继续上扬,盖过黄金的吸引力作为美国当选总统后,对冲通胀提出了一个新的$1.9万亿刺激包。

技术阻力:1838/1845

技术支持 :1800/1788

主要头条:

  • 中国经济在第四季度加速增长,在COVID-19冲击后到2020年稳健发展
  • 尽管宣布紧急状态,外国投资者仍是马来西亚股票的净买家-MIDF Research
  • 高盛(Goldman Sachs)推高拜登(Biden)刺激计划的美国经济增长预期
  • 美元兑马币交易 RM 4.0500

 

经济数据:

  • 1月18日马来西亚时间 10:00 am- 中国季度GDP年率(%) (同比) (第四季度)
  • 1月18日马来西亚时间 3:00 pm- 中国规模以上工业增加值年率(%) (同比) (十二月)
  • 1月18日马来西亚时间 9:30 pm- 英国央行行长贝利(Andrew Bailey)讲话

 

中国经济在第四季度加速增长,在COVID-19冲击后到2020年稳健发展

中国经济在第四季度加快了速度,增长超过了预期,因为在严重的冠状病毒袭击的2020年结束之前,形势非常好,尽管全球流行病肆虐,但今年仍有望继续扩大。 全球第二大经济体从冠状病毒震荡中恢复的速度令许多人感到惊讶,特别是因为决策者还不得不在贸易和其他方面扭转紧张的美中关系。 国家统计局周一公布的数据显示,第四季度国内生产总值(GDP)同比增长6.5%

尽管宣布紧急状态,外国投资者仍是马来西亚股票的净买家-MIDF Research

MIDF Research在周一的报告中援引交易所数据称,上周国际投资者净买入了3.261亿林吉特(合8068万美元)的马来西亚股票。 该研究机构称,与预期相反,即使在上周二该国宣布进入紧急状态后,购买兴趣仍在继续。

高盛(Goldman Sachs)推高拜登(Biden)刺激计划的美国经济增长预期

高盛集团分析师本月上调预期当选总统乔·拜登的财政刺激计划将加速从COVID-19大流行的经济复苏,第二次他们的美国经济增长预测。 根据周六发布的一份报告,该银行预计2021年经济增长为6.6%,而此前的预测为6.4%。 它还提高了对新政府将在短期内推动多少刺激的预测,从7500亿美元增至1.1万亿美元。 拜登周四概述了一项1.9万亿美元的刺激计划,称需要大胆的投资来启动经济并加速疫苗的分发,以控制冠状病毒。

 

资料来源: Bloomberg, CNBC, Reuters