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[macro outlook] pay attention to China's trade account in December and the number of initial jobless claims in the United States
Jan 14,2021 06:18CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM1, March 14: following the speech made by Boston Federal Reserve Chairman Rosengren on the US economy in 2021, US President-elect Joe Biden will hold a press conference on Thursday Eastern time to formally announce the new round of anti-epidemic stimulus plan he will submit after taking office this month.

In terms of data, China's trade account in December reflects an important indicator of a country's export competitiveness and the strength of domestic demand. The official website of China's National Bureau of Statistics publishes RMB-denominated trade account data on time, after which foreign media authorities will release hundreds of millions of US dollars worth of trade account data.

The monthly rate of the US import price index, the import price index, may have an impact on future inflation. If manufacturers are unable to digest the rising prices of imported goods, it will eventually push up the ex-factory prices of products and spread to the final consumer sector, pushing up inflation. However, due to the long process from import prices to the final consumer prices, the impact on the market is relatively small.

The number of people applying for unemployment benefits in the United States for the first time, as this data is released every week, is the focus of the investment market. With the substantial increase in the number of unemployed, the financial pressure on the US government has also increased. It is also a test for the US economy, which is suffering from "double red sickness", which is bad for the US dollar.

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