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Quiet Amid Lack Of Catalysts, Market Closures

EQUITIES

Most Asia equity markets are closed for the Lunar New Year holiday, news flow has been extremely thin in the time zone. In Australia the ASX 200 is flat, hovering around neutral levels throughout the session.

  • US futures are subdued, in minor positive territory after equity markets dropped for a second day yesterday.
  • During the session there were reports that US President Biden had spoken with his Chinese counterpart Xi about trade and other issues. A senior administration official said in the wake of the call that the US would not remove all tariffs on China prematurely, but there would be changes in trade policy.
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