Free Trial

Regional data prints are few and far between...>

ASIA
ASIA: Regional data prints are few and far between today, with Japanese services
PPI due. The BoJ will conduct a round of 1-10 Year Rinban operations.
- This leaves focus on risk developments. Over the weekend, China's MOFCOM said
that the text of "phase 1" trade pact with the U.S. is "basically completed."
Meanwhile, top Chinese officials gather in Beijing for a plenary meeting of the
Communist Party of China. Participants await any signals re: Brexit, with EU
envoys set to debate the matter later today. Draft documents seen by BBG suggest
that a three-month Brexit delay will be considered. U.S. President Trump
announced that ISIS leader Baghdadi was killed by U.S. forces. Argentina voted
in a presidential election Sunday, an official count is yet to come.
- Worth watching the reaction of regional equity markets to Friday's rally in
their U.S. peers, with S&P500 nearing record highs.
- On Sunday, China released the latest industrial profits data, which printed at
-5.3% Y/Y vs. the prior -2.0%.
- As a reminder, markets in New Zealand, Singapore, India and Malaysia are shut
today owing to local public holidays.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.