North American Morning Briefing: China Optimism -2-

Conscription will increase to a full year from the current four months starting in 2024, Taiwanese President Tsai Ing-wen said Tuesday.

Former South Korean President Lee Myung-bak Given Special Pardon
SEOUL-South Korean President Yoon Suk-yeol pardoned former President Lee Myung-bak, setting the disgraced leader free from his 17-year prison sentence for bribery and embezzlement.
Mr. Yoon granted special pardons to 1,373 people on Tuesday. The most high-profile beneficiary was the 81-year-old Mr. Lee, who has been serving his prison term since October 2020. His prison sentence was suspended in June due to ill health. Mr. Lee has regularly received outside hospital treatment for health problems including diabetes.

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Financial markets are closed in observance of Boxing Day.

Expected Major Events for Tuesday
00:30/JPN: Nov Detailed Import & Export Statistics
05:00/JPN: Nov Construction Orders
05:00/JPN: Nov Housing Starts
13:30/US: Nov Advance Economic Indicators Report
14:00/US: Oct U.S. Monthly House Price Index
14:00/US: Oct S&P CoreLogic Case-Shiller Indices
15:30/US: Dec Texas Manufacturing Outlook Survey
18:00/US: Nov Money Stock Measures
23:50/JPN: Nov Preliminary Industrial Production
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Expected Earnings for Tuesday
CEL-SCI Corp (CVM) is expected to report $-0.15 for 4Q.
California First Leasing Corp (CFNB) is expected to report for 1Q.
FTI Consulting (FCN) is expected to report $1.32 for 4Q.
Qualstar Corp (QBAK) is expected to report for 3Q.
Riley Exploration Permian Inc (REPX) is expected to report for 4Q.
Timberline Resources Corp (TBR.V,TLR) is expected to report for 4Q.
Unico American (UNAM) is expected to report for 3Q.
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ANALYST RATINGS ACTIONS
Applied Molecular Trnsprt Cut to Market Perform From Market Outperform by JMP Securities
Paramount Global Cut to Sell From Hold by Loop Capital
Toro Raised to Outperform From Market Perform by Raymond James
This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires
12-27-22 0621ET