Mixed Markets
- Hong Kong: Hang Seng closes down -0.79%
- China CSI 300 +0.63%
- Taiwan KOSPI +0.42%
- India Nifty 50 -0.51%
- Australia ASX -1.24%
- Japan Nikkei+0.07%
- European bourses slightly up so far this morning with the exception of Germany, UK, and Swiss
- US indices all in positive territory this morning in pre-market, USD FLAT
Overnight Data/News
- China PBoC Sets Yuan Mid-Point At 6.9519 / Dlr VS Last Close 6.9433
- Japan BoJ Deputy Gov Nominee Uchida: Japan No Longer In Situation Described As Deflation After Years Of Monetary Stimulus
- German Import Price Index (M/M) Jan: -1.2% (est -1.5%; prev -1.6%) – German Import Price Index (Y/Y) Jan: 6.6% (est 6.3%; prev 12.6%)
- Turkish GDP (Y/Y) Q4: 3.5% (est 2.9%; prev 3.9%) – Turkish GDP SA/WDA (Q/Q) Q4: 0.9% (est 0.7%; prev -0.1%)
- French CPI (Y/Y) Feb P: 6.2% (est 6.1%; prev 6.0%) – French CPI EU Harmonised (Y/Y) Feb P: 7.2% (est 7.0%; prev 7.0%) – French CPI (M/M) Feb P: 0.9% (est 1.0%; prev 0.4%) – French CPI EU Harmonised (M/M) Feb P: 1.0% (est 1.0%; prev 0.4%)
- French GDP (Q/Q) Q4 F: 0.1% (est 0.1%; prev 0.1%) – French GDP (Y/Y) Q4 F: 0.5% (est 0.5%; prev 0.5%)
- Spanish CPI (Y/Y) Feb P: 6.1% (est 5.8%; prev 5.9%) – Spanish CPI EU Harmonised (Y/Y) Feb P: 6.1% (est 5.7%; prev 5.9%) – Spanish CPI (M/M) Feb P: 1.0% (est 0.7%; prev -0.2%) – Spanish CPI EU Harmonised (M/M) Feb P: 1.0% (est 0.9%; prev -0.4%)
- Swiss GDP (Q/Q) Q4: 0.0% (est 0.1%; prev 0.2%) – Swiss GDP (Y/Y) Q4: 0.8% (est 0.8%; prevR 0.8%)
US DATA TODAY
COMMODITY HEADLINES OVERNIGHT
Metals
Silver: Worst Month in 3 Years Could Just Be a Start
Gold set for biggest drop in 20 months on rate hike worries
METALS-London copper set for first monthly drop since October
Energy
Chevron Raises Share Buyback Guidance To $10Bln To $20Bln Per Year -Reaffirms Higher Returns, Lower Carbon Objectives
Oil Price Range In 2023 Likely $80-110/Barrell – IFX Citing Gazprom Chief
BP CEO Says More Oil and Gas Investment Is Good for the Climate Fight
Saudi Arabia may raise April crude prices to Asia
Japan to promote gas, LNG, hydrogen investments during G7 presidency – METI
US oil drilling falls in response to lower prices The acceleration of drilling activity that started in August 2020 after the first wave of the pandemic appears to have paused or possibly ended
