- (JP) JAPAN DEC MERCHANDISE TRADE BALANCE: -¥205B V -¥170BE; ADJUSTED TRADE BALANCE: -¥568B V -¥385BE (multi-year low); 2011 Trade deficit ¥2.49T (1st deficit since 1980)
- (AU) AUSTRALIA Q4 CONSUMER PRICES Q/Q: 0.0% V 0.2%E (3-year low); Y/Y: 3.1% V 3.3%E
- (AU) AUSTRALIA Q4 RBA TRIMMED MEAN Q/Q: 0.6% V 0.5%E; Y/Y: 2.6% V 2.4%E
- (NZ) NEW ZEALAND DEC MANUFACTURING PMI 51.9 V 46.0 PRIOR (4-month high)
- (SG) SINGAPORE DEC CPI M/M: 0.0% V 0.1%E; Y/Y: 5.5% V 5.5%E
- (JP) BANK OF JAPAN (BOJ) JAN MONTHLY ECONOMIC REPORT: EXPORTS AND PRODUCTION TO STAY FLAT FOR THE TIME BEING
- (NZ) NEW ZEALAND DEC CREDIT CARD SPENDING M/M: 0.9% V -3.4% PRIOR; Y/Y: 5.9% V 3.2% PRIOR
- (PH) PHILIPPINES NOV TRADE BALANCE: -$1.6B V -$932M PRIOR; IMPORTS Y/Y: 0.6% V 2.3% PRIOR
- (AU) AUSTRALIA NOV WESTPAC LEADING INDEX M/M: -0.2% V +0.1% PRIOR
- (AU) AUSTRALIA DEC DEWR INTERNET SKILLED VACANCIES: -1.1% V -1.0% PRIOR (6th consecutive decline)
***Markets Snapshot (as of 05:30GMT)***
- Nikkei225 +1.2%
- S&P/ASX +1.1%
- Kospi +0.1%
- Taiwan Taiex closed
- Singapore Straits Times +0.9%
- Shanghai Composite closed
- Hang Seng closed
- S&P Futures +0.3 at 1,315
- Feb Gold +0.1% at $1,666/oz
- March Crude +0.1% at $99.04
***Overview/Top Headlines***
- US equity index futures and the open Asian equity indices all gained today. After the close Apple beat expectations, recording record sales of iPhones and iPads, this is sure to boost Taiwan names like Hon Hai (2317.TW) when the Taiex reopens; Korea's Hynix gained over 2% (will report this week). Tokyo stocks ended the morning session at a three-month high, as the USD/JPY tested a 4-week high above ¥77.85 and had similar movement against the euro. This encouraged investors to buy exporters on the back of Japan's 2011 trade deficit of ¥2.49T, the first in 31-years. Japan MoF Official attributed the decline in 2011 exports to the earthquake, strong yen and weak overseas demand. Traders are looking ahead to the FOMC meeting and rate decision. Australia 10-yr yield rose 8bps after the Q4 RBA trimmed mean (an inflation measure) came in ahead of estimates. Treasurer Swan assured the markets that underlying inflation had moderated and well contained in the RBA target. Q4 CPI in Australia was at a 3-year low q/q with a flat reading y/y also disappointed forecasts coming in at 3.1% v 3.3% expected. London copper tested a 4-month high, silver tested $32.24. Elsewhere business and political leaders are gathering in Davos Switzerland for their annual trek to the World Economic Forum.
***Speakers/Geopolitical/In the press***
- (AU) Australian banking regulator (APRA) has been told by the IMF to conduct more stringent stress tests on its banks in order to make sure they could withstand another global financial crisis - The Australian
- (JP) Japan govt officials already considering raising consumption tax beyond the 10% proposed by PM Noda - Nikkei News
- (PH) Philippines Econ official: Sees Q4 GDP growth at 3.2-5.0% y/y; 2011 growth 3.6-4.0% y/y
- (AU) Commonwealth Bank chief currency strategist Grace: "There's no hindrance for the RBA to cut rates from an inflation point of view because inflation is coming down" - SMH
***Equities***
- TM: Reports 2011 global sales 7.95M units; Raises FY12/13 Japan sales forecast to 1.63M units from 1.53M prior, +36% y/y
- WHC.AU: Reports Dec quarter production 1.11MT v 1.09MT y/y
- PBG.AU: Talks with KKR are continuing but still in very early stages; Institutional investors expressing some doubts that KKR is serious - The Australian
- Yahoo Japan, 4689.JP: Reports 9-month Net ¥73B v ¥67.8B y/y, Op Profit ¥121B v ¥117.2B y/y, Rev ¥222B v ¥216.6B y/y
***US Equities***
- CA: Reports Q3 $0.65 v $0.54e, R$1.26B v $1.2Be; increases share buyback program to $1.5B (13% of market cap); discloses increased quarterly dividend to $0.25/shr from $0.05/shr; +15% afterhours
- AAPL: Reports Q1 $13.87 v $10.10e, R$46.33B v $39Be; +7.3% afterhours
- STLD: Reports Q4 $0.14 v $0.11e, R$1.86B v $1.9Be; +1.9% afterhours
- YHOO: Reports Q4 $0.25 v $0.24e, R$1.17B (ex-TAC) v $1.2Be; -0.9% afterhours
- NSC: Reports Q4 $1.42 v $1.40e, R$2.80B v $2.8Be; -2.6% afterhours
- ALTR: Reports Q4 $0.45 v $0.42e, R$458M v $448Me; -1.7% afterhours
- AMD: Reports Q4 $0.19 v $0.16e, R$1.69B v $1.7Be; -2.9% afterhours
- NVDA: Lowers Q4 Rev guidance to $950M +/- 1% v $1.06Be (Nov 10th guided Rev -2 to +2% q/q, implies $1.05-1.09B); -4.0% afterhours
***FX/Fixed Income/Commodities***
- (JP) Japan Steel Body: Expects 2012 crude steel output to decline y/y by 2-3M tons on weak domestic demand, exports (implies 104.6-105.6M tons vs. 107.6M y/y)
- (KR) South Korea Govt sells KRW908B in 20-yr bonds at 3.96% v 3.94% on Aug 21st
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.
Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."
No comments:
Post a Comment