Japanese bonds retreat early gains, while a ASX enjoys a tiny rally
Brent wanton oil advances behind toward $29/barrel after attack 12-year low
Chinese premier Li calls for new mercantile drivers and improvements
By Saxo APAC Sales Trading
Economic information of a day (Singapore Time – GMT + 8)
0500: KRW – PPI YoY (Prev. -4.6%)
1000: CNY – Industrial Production YTD YoY (Exp. 6.1%, Prev. 6.1%), YoY (Exp. 6%, Prev. 6.2%)
1000: CNY – Retail Sales YoY (Exp. 11.3%, Prev. 11.2%) YoY (Exp. 10.7%, Prev. 10.6%)
1000: CNY – Fixed Asset Ex Rural YTD (Exp. 10.2%, Prev. 10.2%)
1000: CNY – GDP YTD YoY (Exp. 6.9%, Prev. 6.9%) QoQ (Exp. 1.8%, Prev. 1.8%) YoY (Exp. 6.9%, Prev.6.9%)
1400: JPY – Machine Tool Orders YoY (Prev. -25.8%)
1500: EUR – Germany CPI MoM (Exp. -0.1%, Prev. -0.1%) YoY (Exp. 0.3%, Prev. 0.3%)
1630: HKD – Unemployment Rate (Exp. 3.3%, Prev. 3.3%)
1700: EUR – ECB Current Account (Prev. 20.4B) GBP – CPI Mom (Exp. 0%, Prev. 0%), YoY (Exp. 0.1%, Prev. 0.1%) Core YoY (Exp. 1.2%, Prev. 1.2%)
1730: GBP – Retail Price Index (Prev. 259.8)
1730: GBP – RPI Dec MoM (Exp. 0.1%, Prev. 0.1%), YoY (Exp. 1%, Prev. 1.1%)
1730: GBP – PPI Input MoM (Exp. -1.5%, Prev.-1.6%), YoY (Exp. -11.5%, Prev. -13.1%)
1730: GBP – PPI Output MoM (Exp.-0.2%, Prev.- 0.2%), YoY (Exp. -1.2%, Prev. -1.5%)
1800: EUR – Germany ZEW Survey Current Situation (Exp. 53.1 Prev. 55)
1800: EUR – Germany ZEW Survey Expectations (Exp. 8, Prev. 16.1): EUR – Europe ZEW Survey Expectations ( Prev. 33.9)
2300: USD – NAHB Housing Market Index (Exp. 61, Prev. 61)
HKD- Composite Interest Rate (Prev. 0.25%)
Speeches
2000: GBP – Bank of England administrator Mark Carney speaks in London
Overnight news
China: Chinese Premier Li Keqiang pronounced a economy faces augmenting downward vigour as he and President Xi Jinping vowed reforms a day before a republic announces what’s approaching to be a slowest annual enlargement in some-more than dual decades. Li called for a expansion of new mercantile drivers and alleviation of normal industries to fuel a medium-to high-speed expansion. China should pull brazen supply-side reforms amid industrial overcapacity and rise rising and use industries, Xi pronounced during a same convention during Communist Party Central. Rumours yesterday per China’s bonds regulator Xiao charity to resign, have been refuted by a Chinese Securities Regulatory Commission. This could be signs of highlight and disastrous perspective from a Chinese investors on how things seem to have been handled
Foreign exchange
The US markets were sealed for a many partial yesterday yet a vigour on AUD and CAD remains. For AUD, a new brief tenure insurgency is now during 0.6930 and a marketplace will demeanour to sell any rallies for a time being with a vigour on commodities.
The GDP numbers entrance out of China currently will be an critical indicator of a subsequent instruction for AUD. USDCAD is settling during a highs above 1.4500 that should be a good support for now.
USDCNH had an engaging pierce yesterday dropping 400 pips during a open following a new appropriation regulations for offshore banks set by Peoples Bank of China yet found some good support from supports and equity clients during a 6.5700 handle.
Expect USDCNY to be upheld around that turn that is a turn in that we started a year. But some-more importantly about CNH is a brazen points who keep drifting higher. The 1 year points are now trade during +3480 with a rise yesterday during +3900.
Expect a marketplace to be good upheld there as good and it tells we as good that a marketplace is not desiring a fake sense of patience in a mark market.
Foreign sell movements
Rates
A still event overnight, with a US on holiday. European yields were range-bound with a slight ceiling bias. Markets will resume in Asian time.
Commodities
Equities
It was a still event with a US out for Martin Luther King Day, and no vital information releases. European bonds fell for a third day, with a Euro Stoxx 50 finishing down 0.6%, with financial bonds underperforming.
At one theatre yet a marketplace was adult over 1% before worries over tellurian expansion and debility in oil prices weighed on sentiment. The concentration will be a opening of a Chinese economy and will be one of a many critical themes for financial marketplace with GDP and PI information entrance out today.
Credit
Very still marketplace in a CDS marketplace with a US sealed yet Indonesia continues to trade good compared to a peers with decent bond inflows.
Company news
Hong Kong
- Tingyi (322): Ting Hsin has purchased 3m shares in Tingyi. Upon execution Ting Hsin binds approximately 33.55% of sum shares in Tingyi.
- PICC (2328) announced sum premiums income in 2015 is during RMB387b, +11.4% yoy.
- CPIC (2601) announced sum premiums income in 2015 is during RMB203b, +6% yoy.
- Sinotrrans (598) has released a initial tranche ultra short-term debentures in a sum distribution volume of RMB1.5b during an seductiveness rate of 2.6%.
- Stelux land (84) available 3Q15 turnover of $851m, -12% yoy.
- CX (293) announced a sum trade sum for Dec 2015 for Cathay Pacific and Dragonair. The dual airlines carried a sum of 2.9334m passengers final month, +5.8% mom. For 2015 as a whole, newcomer trade +7.9% while ability +5.9%.
- Value Partner (806) announced a AUM amounted to USD15.6bm as of 31 Dec 2015, +20.93% yoy, and +1.96% mom.
- TCL (1070) announced it has reliable a sum of team-work with LeTV Group in 3 aspects, including internet business cooperation, new product investigate and expansion and supply sequence synergy.
- Peak Sport (1968) pronounced a Q4 same-store sales during mid-single-digit growth.
Source: CIMB
SaxoStrats
– Edited by Adam Courtenay
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