What Is The Macro Level Of The Global Economy In 2016?

Barclays Capital on Wednesday (December 23rd) listed the 4 main themes of the global macroeconomic dimension in 2016.

Global consumer spending is recovering, and trade, investment and manufacturing are facing recession. The global economic situation will grow steadily next year, but the growth will be limited.

Theme two: emerging market situation is complicated and confusing.

In accordance with accrual accounting standards rather than fair value accounting, China's economy will continue to slow down.

More broadly, the trend of emerging market and commodity exporters needs to be closely watched.

In Brazil, the overall situation is further deteriorating and it will be difficult to improve in the short term.

Political instability will aggravate the economy and

Deterioration.

The Fed will pay close attention to the impact of policy deviations on the economic situation, but with the gradual progress of 2016, the impact of China and the Fed will increase market volatility.

Theme four: poor liquidity exacerbates Market Volatility

The problem of poor liquidity will continue.

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From 22:30 to December 24th December 23rd, the 06:30 Roundup: the US dollar remained stable in the light of the trading day, which helped the US bond yields rise. Data show that the US economy will continue to grow moderately before the end of the year, though it may not be enough to support the FED's accelerated pace in the future.

A large wave of US economic data is coming in the day market. The US durable goods orders, PCE price index, new home sales and University of Michigan consumer confidence index are released densely.

Despite the strong overall performance of the economic data, the US dollar index has limited response to data and is still narrowing above 98.

The US debt yield rose by more than 1 basis points in the biennium, while the latest consumer data set off disappointing durable goods orders and new home sales data against the US dollar.

The US dollar index remained on its 50 day moving average, reflecting its overall trend.

"The rise in US bond yields provides some support for the US dollar," said Eric Viloria, an analyst at Wells Fargo securities exchange market.

In addition, the rise in US stocks also supports a three consecutive decline before the end of the dollar.

Britain's third quarter economic growth was revised down to 0.4%, but it had little impact on the pound.

Sterling / US dollar rose slightly.

The pound hit a eight month low of $1.4806 on Tuesday, and analysts say the UK will hold the EU's referendum as early as June next year due to growing concerns over Britain's withdrawal from Europe.

The US dollar will remain behind major currencies in the recent trading range, due to a further reduction in volume before the holiday.

Most of the financial markets in the US and Europe will be closed on Christmas holidays on Friday.

US crude oil inventories dropped by nearly 6 million barrels as of December 18th, according to the latest data from the US Energy Information Administration (EIA).

Meanwhile, US oil service company Beck Hughes (Baker Hughes) released data showing that as of December 25th, the number of active drilling in the United States decreased by 3 to 538 during the week, fifth weeks in the past 6 weeks.

The total number of active oil drilling in the United States until December 25th was announced ahead of the Christmas holidays.

The international oil market has been cloudy recently, and the US WTI crude and Brent crude oil prices both jumped by more than 3%.