Mostly Red
- Hong Kong: Hang Seng closes down -1.68%
- China CSI 300 -1.04%
- Taiwan KOSPI -0.63%
- India Nifty 50 -0.26%
- Australia ASX -0.33%
- Japan Nikkei+0.46%
- European bourses broadly DOWN so far this morning with the exception of Greece, Spain
- US indices all negative this morning in pre-market, USD up +0.22%
Overnight Data/News
- China PBoC Expects China Inflation To Remain Mild Overall – Will Keep Yuan At Reasonable And Balanced Level
- Spanish PPI (M/M) Jan: -2.0% (prevR -1.6%) – Spanish PPI (Y/Y) Jan: 8.2% (prevR 14.9%)
- German Private Consumption (Q/Q) Q4: -1.0% (est -0.6%; prev 1.0%) German Government Spending (Q/Q) Q4: 0.6% (est -0.4%; prev 0.0%) German Capital Investment (Q/Q) Q4: -2.5% (est -0.6%; prev 0.2%)
- German GDP SA (Q/Q) Q4 F: -0.4% (est -0.2%; prev -0.2%) – German GDP NSA (Y/Y) Q4 F: 0.3% (est 0.5%; prev 0.5%) – German GDP WDA (Y/Y) Q4 F: 0.9% (est 1.1%; prev 1.1%)
- Japan BoJ Governor Nominee Ueda: Inflation Rate Is Peaking Out -February CPI Data Likely To Show Clear Slowdown -Can Proceed To Normalisation If Stable 2% Goal In Sight
- BoJ Governor Nominee Ueda: BoJ’s Current Monetary Easing Appropriate -Some Time Needed For Monetary Policy To Take Effect
- US Treasury Secretary: Yellen Says Core U.S. Inflation Will Fall Further On 12-Month Basis, But Is Higher Than Levels Consistent With Fed’s 2% Inflation Target – ‘Soft Landing’ For U.S. Economy Is Possible Because Labour Market Is Strong, Inflation Coming Down
- US Announces Tariffs on Russian Metals Including Aluminum
US DATA TODAY
OVERNIGHT COMMODITIES HEADLINES
Metals
Gold Price Forecast: Bulls Face a Challenge Ahead US PCE Data
Energy
Pemex hit by fires at three facilities in one day
Diesel Pours Into Europe as Barrels From East Fill Russian Gap
Singapore companies should manage own risks in Russian oil trade, minister says
EU natural gas inventories in % of full: EU at 62.98%, Germany at 71.13%, Italy at 62.18%, France at 46.11%, Netherlands at 62.36%
China’s independent refiners set to embrace wide variety of Russian crude grades
Kuwait is set to ramp up refined oil product exports from its new Al Zour refinery in the second half of 2023 to plug Russian shortfalls in Europe and meet growing demand in Asia and Africa, industry sources and analysts said
Trinidad to begin negotiations for gas deal with Venezuela in March
