(AU) Australia Q4 PRODUCER PRICE INDEX (PPI) Q/f: 0.3% V 0.4%E (1-year low); Y/Y 2.9% V 3.0%E
-(HU) Hungary JAN economic assessment: 26.8 v-24.6 before; THE confidence of the businessmen:-16.3 v 14.5 before; THE confidence of the consumers: - 56.6 v - 53.3 before
-(JP) JAPAN DEC SUPERMARKET SALES Y/Y 0.6% V 2.3% BEFORE
* Market snapshot (as 05: 30GMT) *.
-Nikkei225 + 0.1%
-S & P/ASX 0.3%
-Kospi closed
-Taiwan closed TAIEX
-Singapur Straits Times Index closed
-Shanghai composite closed
-Hang Seng closed
S & P futures 0.3 in 1.307
-Feb gold + 0.5% to $1.672 / oz
-März crude oil 0.2% at $98.13
* Overview/top headlines *.
-Celebrate with only Australia and Japan today because of the new year steamed with thin trading Asian stock markets were open. Finished the session open the ASX and Nikkei225 almost unchanged levels. EUR/USD opens up gapping down over 50 pips under $1.2880 without progress in Greece. Dollar appetite returned with increased uncertainty and limited liquidity in the region. Silver gained more than 2% $32.50 before withdrawal tests. Australia's Q4 output price index fell to a 1 year low Q/Q, to 0.3% V 0.4%e; Year fell also expectations to 2.9%. Commonwealth Bank of Australia Economist pointed out that the high AUD import prices and inflation in check keep pushing and other repeated feelings, which is the door "open", RBA rate cut by Q4 PPI data.
-Weighing on the markets was the lack of progress between Greece and the private sector of bond holders. IIF Dallara EU press said, "We are at a crossroads..." Our range of the (Greek) Prime Minister delivered is consistent with volunteer PSI (participation of the private sector) the maximum offer... I think it is clear that we are reaching the limits of a voluntary agreement. I am optimistic... "We have great progress in Athens in the last few days." In a separate FT report indicating the IIF position can have recorded a loss of less than 65-70% on current bonds long term value. Troika officials said, have requested a report on Greece debt sustainability in the context of the negotiations on bond swap.
-In the German press, it was reported that Italy PM Monti and ECB Chairman Draghi ESM want to increase capacity from €500 to €1T. Draghi was already with leftover funds from EFSF and transferring them to ESM for a total of € 750 (b).
View on tomorrow, we should the Bank of Japan review decision. Prices are expected to remain unchanged and the BoJ is not expected that any new impulses known. But many analysts expect that the BoJ forecast GDP will be reduced. Also at the meeting tomorrow, Australia expects only easy-to-win of Q3 Q4 CPI of 0.6%.
* Speakers/geopolitical/in the press *.
-(CN) Moody: China's moderate non-bank financing growth reduces systemic risk concerns and positive submitted for domestic banks
-(JP) Japan DEP PM Okada: snap includes options hike legislation have been adopted - Nikkei news prior to consumption tax is
-(CN) China Premier Wen: China, greater challenges in the new lunar year; Reiterated that China will endeavour, "give more value on human life, and let the people the fruits of the reform." "Parts" - Chinese press
-(CN) China State administration of foreign exchange (safe): China banks saw a turnover of FX in December for the second month in a row - China daily
* Shares *.
-TM: Australia President: confirmed press speculation, to lay off 350 employees and staff (about 7% of the workforce in Australia)
-HMC: workers in domestic motorcycle plant to reduce, transfer to other parts of Japan - Nikkei news staff
-QAN.AU: an agreement Union; Hat engineers each year include much salary increase of 3%; Agreement on Dec 2014 - financial press
-HIT: the production of flat panel TVs in Japan can suspend Nikkei to September due to the close price competition-
-SNE: Shifting Assembly of lithium ion batteries, Singapore and China to end FY13/14 - Nikkei news
* US shares *.
-RIMM: Co-CEOs need to left; Lazaridis, Vice President, Balsillie Director remain Names of Thorsten Heins of new CEO effective immediately
* FX/fixed income / commodities *.
-(IR) British and French ships join US in the Strait of Hormuz - British press
-OPEC sec Gen: $100 / BRL price of oil is acceptable, consumers and producers; Not weigh on global economy
-(AU) Newcastle coal exports + 43% V-14% before week ended Jan 22nd
-(KR) South Korea Ministry of agriculture: will importation of beef from Canada - Korean Press uses
EUR / CHF: (CH) Switzerland Econ min: CHF expected in the medium term - financial press weaknesses
-Russland (RU) Vice-min for Department of energy: 2011 output of crude oil rose to a record 511 M tonnes, but unlikely to increase over the next 3 years - Russian press
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