Mixed Markets
- Hong Kong: Hang Seng closes down -1.36%
- China CSI 300 -0.95%
- Taiwan KOSPI +0.47%
- India Nifty 50 +1.38%
- Australia ASX +0.24%
- Japan Nikkei -0.24%
- European bourses broadly down across the board with the exception of UK, Germany tech, Spain, and Switzerland
- US indices down across the board this morning, Nasdaq the weakest in pre-market due to poor earnings of mega caps last night after the close, USD down -0.13%
Overnight News/Data
- UK BoE’s Pill says important not to raise interest rates too high
- France Dec Industrial Production 1.1% m/m 1.4% y/y vs. f’cast 0.2%/0.9%
- Dec Manufacturing Output 0.3% m/m vs. f’cast 0.2%
- China Jan services activity expands for first time in five months Caixen PMI jumps to 52.9 vs. December 48.0
- Japan Services activity at 3-mth high at 52.3 vs. flash 52.4 – PMI
- Turkey annual inflation well above forecast near 58%
- Jan CPI 6.65% m/m 57.68% y/y vs. expected 4.0%/53.8%
US DATA TODAY
COMMODITY HEADLINES OVERNIGHT
Metals
Copper set for weekly decline on slow China demand, firm dollar
Colombia’s mining royalties hit record $1.32 bln in 2022 -industry group
Energy
US natgas eases to 21-month low with warmer weather coming next week
China boosts imports of fuel oil blended from Russian barrels
Shell 2022 profit more than doubles to record $40 bln
ConocoPhillips joins Big Oil’s parade of bumper profits but shares fall
US diesel stocks start the year critically low: Kemp
TotalEnergies, Iraq see further delays to $27 bln energy deal
Pemex Deer Park, Texas refinery nears full restart -sources
Peru offers oil and gas exploration blocks, technical agreements
