Asia equity indices trading mixed, with Australia and Japan underperforming and Hong Kong leading. In Australia, energy and mining names weighed down the broader index, while Nikkei225 was hurt by firmer Yen. In Hong Kong, property developers and financials stood out among gainers. In FX, USD/JPY fell to its lowest level since December below 113.60. USD also traded heavy against EUR and GBP, with EUR/USD and GBP/USD rising about 50pips toward 1.0650 and 1.2090 respectively. Cable is off its overnight lows below 1.20, even though traders are positioning for a more resolute "hard Brexit" outline by PM May in today's speech. Earlier Telegraph press report suggest May will announce a 12-point plan for Brexit, stating UK is leaving EU's single market and customs union and will not settle for "partial membership of the UK in EU.". Rio Tinto Q4 production report was also mixed - iron ore output met expectations while copper production was just shy of last year's outlook. Rio also affirmed its FY17 iron ore shipments, stating the company has had a strong operational performance. In China, PBoC injected the largest amount of reverse repos in a year while also setting Yuan midpoint weaker for the first time in 4 sessions.
IMF updated its economic forecasts for the next 2 years, maintaining 2017 and 2018 global GDP target at 3.4% and 3.6%, but also raising its view on Advanced, Eurozone, and US economies.
Nikkei -1.48% Hang Seng +0.52% CSI +0.21% Shanghai +0.17%
Eur$ 1.0642 CNH 6.8395 CNY 6.8882 JPY 113.55 GBP 1.2112 CHF 1.0078 RUB 59.4414 WTI$ 52.40 +0.06%
S&P -0.33% EuroStox -0.30% FTSE -0.17% CAC -0.25% SMI -0.40%
Macro :
- Praet: ECB Policy Focused on Avoiding Fall Into Deflation Trap
- Mogherini: EU Countries Can’t Negotiate Bilateral Trade Deals
- ECB Bought Air Liquide, NN Group, Novartis Last Week: Analysis
- Spain Seals Agreement on Saudi High-Speed Rail Project
- Bank of Italy, ECB Said to Disagree on Monte Paschi NPL: Il Sole
Keep an eye on :
- ANA SM : Acciona Seeks to Buy Back Up to EU108.4m of Convertible Bonds
- AC FP : Accor In Talks With Investors to Sell HotelInvest, Valued EU6.6B
- AI FP : ECB Bought Air Liquide, NN Group, Novartis Last Week: Analysis
- ALO FP : Alstom Wins Metro System Order in Vietnam
- ALO FP : Alstom 3Q Orders EU1.02b, Sales EU1.66b; Keeps 2020 Objectives
- BATS LN : BAT Agrees to Buy Rest of Reynolds for About $59.64/Share
- IAG LN : British Airways to Cancel 1% of Flights During Jan. 19-21 Strike
- BEI GY : Beiersdorf FY Sales Meet Estimates, Co. Confirms Ebit Guidance
- CO FP : Casino 2016 Sales Miss Estimates as French Retail Slows
- COL SM : Colonial Buys Paris Building for EU165m
- DBK GY : Deutsche Bank May Withhold Bonuses for 90% Traders, Bankers: NYP
- DB1 GY : Deutsche Boerse May Add Analytical Tools, AI Features, CEO Says
- ENGI FP : Engie in Talks to Sell LNG-Terminal Operator Elengy to GRTgaz
- ENI IM : Eni, MIT Extend Energy Collaboration For 4 Years
- FCA IM : Italy Says It’s Responding Appropriately on FCA Emissions Case
- GM US : GM Said to Announce $1b in New U.S. Investment: CNBC/DJ
- GIVN VX : Givaudan Buys Activ to Strengthen Natural Flavour Solutions
- HSBA LN : HSBC Sees Softer Demand for Turkey’s Auto Companies in 2017
- LISP SW : Lindt 2016 Sales Meet Estimates; Sees Operating Margin Widening
- LHA GY : Lufthansa LSG Caterer to Cut 2,000 Jobs, FAZ Says, Citing Union
- NOVN VX : ECB Bought Air Liquide, NN Group, Novartis Last Week: Analysis
- UG FP : PSA Astonished by C4 Citroen Cactus Emission Study: Le Parisien
- RIO LN : Rio 4Q Pilbara Iron Shipments on 100% Basis 87.7Mt, Est. 86.8Mt
- RR/ LN : Rolls-Royce Settles Fraud Investigations for 671 Million Pounds
- RDSA NA : Shell to Sell Gabon Unit to Carlyle Later This Month, AFP Says
- SUBC NO : Subsea 7 Offers to Buy Remaining 50% of Seaway Heavy Lifting
- UBSG VX : UBS’s Weber Says Banks Need to Have Options to Deal With Brexit
- ZAL GY : Zalando 4Q Sales Miss Estimates, Adj. Ebit EU81m-EU104m