Halister News

(Bloomberg) -- Canada’s consumer price index seen rising 1.4% y/y in Nov. after increasing 1.5% in Oct. (forecast range to +1.1% to +1.9%)

• Retail sales seen increasing 0.3% in Oct. after rising 0.6% in Sept. (forecast range -0.1% to +0.6%); based on the value of goods sold

(Bloomberg) -- Gross domestic product seen at revised +3.3% in 3Q vs prior +3.2% (forecast range +2.8% to +3.5%); data track value of all goods and services produced in U.S.

• “The economy is accelerating relative to an extremely weak 1H, but only at a moderate pace. Current quarter growth is likely to be more than a full percentage point lower": Bloomberg Intelligence
• Initial jobless claims seen at 257k in week ended Dec. 17 vs 254k prior week (forecast range 249k to 275k); represents inflow of workers receiving benefits.
• Factory orders for durable goods seen falling 4.8% in Nov. after rising 4.6% in Oct. (forecast range -7.5% to +0.5%); based on value of orders received for goods manufactured to last 3 or more years

--SHAJI MATHEW

(Bloomberg) -- Philippine President Rodrigo Duterte lashed out at Anti-Money Laundering Council for submitting a delayed report “without analysis” to National Bureau of Investigation that’s probing illegal drug trade.

• Duterte, in his speech in Pampanga province, says dirty- money watchdog which has “blanket authority” to peek at bank transactions, not doing its job
• “They said I have 211m pesos,” Duterte says, referring to allegations during campaign that he had hidden funds which he had denied; “why didn’t they charge me”
• NOTE: Duterte Says BSP, AMLC ‘In Hot Water’ If He Becomes President Link
• “Watch out all of you because I could charge you,” he says in Pampanga, adding that once justice department has established cases “I will personally arrest you, all of you”
• Earlier Thursday, during his speech at signing of 2017 budget at presidential palace in Manila, Duterte warned central bank and AMLC: “I will count one to three, and if you don’t resign, I will treat you as a drug addict. You know you are contributing to the corruption of the country”
• Bangko Sentral ng Pilipinas is independent and isn’t serving politics, Deputy Governor Diwa Guinigundo tells reporters at briefing in Manila, clarifying that he’s not directly commenting on Duterte’s statement
• “Tetangco is about to retire,” Duterte says, referring to Bangko Sentral ng Pilipinas Governor Amando Tetangco whose term ends in July; Duterte warned agencies to “better prepare there, I’ll give you a whack”
• Tetangco who also chairs Anti-Money Laundering Council did not reply to a mobile-phone message seeking comment, while Bangko Sentral’s corporate affairs department declined to comment on Duterte’s remarks

--With assistance from Ditas Lopez, Siegfrid Alegado and Norman P. Aquino

(Bloomberg) -- Yield on 10-year govt bond rises 4bps to 6.50%; fell to 6.46% earlier in day

• Markets are trading in a very narrow range and traders are creating space for auction paper ahead of Friday’s bond sale, says Vijay Sharma, executive vice president for fixed income at PNB Gilts
• NOTE: Govt is scheduled to sell 140b rupees of bonds Friday
• RBI monetary policy panel minutes also weren’t supportive: Sharma
• NOTE: Minutes of central bank’s Dec. 7 monetary policy meeting released late Wednesday showed sticky core inflation as a concern for most panel members

--ADELA LIN