Global Markets:
- Asian Stock Markets : Nikkei up 1.30%, ASX up 0.07%
- Commodities : Gold at $1928.55 (+0.02%), Silver at $24.08 (+0.61%), Brent Oil at $87.35 (-0.32%), WTI Oil at $81.40 (-0.29%)
- Rates : US 10-year yield at 3.466, UK 10-year yield at 3.372, Germany 10-year yield at 2.172
News & Data:
- (GBP) Retail Sales m/m -1.00% vs 0.50% expected
- (CAD) Core Retail Sales m/m -0.60% vs -0.60% expected
- (CAD) Retail Sales m/m -0.10% vs -0.50% expected
- (USD) Existing Home Sales 4.02M vs 3.95M expected
Markets Update:
Asian stock markets are trading mostly higher in thin-holiday trading on Monday, following the broadly positive cues from global markets on Friday, with most markets closed for the Lunar New Year holidays, as some traders looked to pick up stocks at relatively reduced levels following recent weakness. Optimism about Chinese economy after reopening helped as well.
The Japanese stock market is significantly higher on Monday, with the Nikkei 225 moving to just below the 26,900 level, with gains across most sectors, led by technology and financial stocks. The Australian stock market is slightly higher on Monday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying below the 7,500 level at nine-month highs, with technology stocks pushing the market higher. Most of the other regional markets are closed for the Lunar New Year holiday, including South Korea, Malaysia, Singapore, Taiwan, China, Hong Kong and Indonesia.
Crude oil prices climbed higher on Friday amid optimism about the outlook for energy demand, as well as a drop from the greenback.
Upcoming Events:
Monday, January 23, 2023
- 05:45 PM GMT – (EUR) ECB President Lagarde Speaks
Tuesday, January 24, 2023
- 08:15 AM GMT – (EUR) French Flash Manufacturing PMI
- 08:15 AM GMT – (EUR) French Flash Services PMI
- 08:30 AM GMT – (EUR) German Flash Manufacturing PMI
- 08:30 AM GMT – (EUR) German Flash Services PMI
- 09:30 AM GMT – (GBP) Flash Manufacturing PMI
- 09:30 AM GMT – (GBP) Flash Services PMI
- 02:45 PM GMT – (USD) Flash Services PMI
- 02:45 PM GMT – (USD) Flash Manufacturing PMI
- 03:00 PM GMT – (USD) Richmond Manufacturing Index
- 09:45 PM GMT – (NZD) CPI q/q
Wednesday, January 25, 2023
- 12:30 AM GMT – (AUD) CPI q/q
- 12:30 AM GMT – (AUD) CPI y/y
- 12:30 AM GMT – (AUD) Trimmed Mean CPI q/q
- 09:00 AM GMT – (EUR) German ifo Business Climate
- 03:00 PM GMT – (CAD) BOC Monetary Policy Report
- 03:00 PM GMT – (CAD) BOC Rate Statement
- 03:00 PM GMT – (CAD) Overnight Rate
- 04:00 PM GMT – (CAD) BOC Press Conference
Thursday, January 26, 2023
- 01:30 PM GMT – (USD) Advance GDP q/q
- 01:30 PM GMT – (USD) Advance GDP Price Index q/q
- 01:30 PM GMT – (USD) Core Durable Goods Orders m/m
- 01:30 PM GMT – (USD) Durable Goods Orders m/m
- 01:30 PM GMT – (USD) Unemployment Claims
- 03:00 PM GMT – (USD) New Home Sales
Friday, January 27, 2023
- 01:30 PM GMT – (USD) Core PCE Price Index m/m
- 03:00 PM GMT – (USD) Pending Home Sales m/m
- 03:00 PM GMT – (USD) Revised UoM Consumer Sentiment
