IN THE OVERNIGHT 31 JAN

Markets broadly down

Hong Kong: Hang Seng closes down -1.03%
China CSI 300 -1.06%
Taiwan KOSPI -1.04%
India Nifty 50 +0.07%
Australia ASX -0.12%
Japan Nikkei -0.59%
European bourses weak and in negative territory across the board with the exception of Athens, Austria, and Italy
US indices also down across the board this morning in pre-market , USD up +0.14%

Overnight data/news

Germany: German retail sales post shock fall in December
Dec Retail Sales -5.3% m/m -6.6% y/y vs. expected -0.5%/-2.6%
Dec Import Prices -1.6% m/m 12.6% y/y vs. expected -2.5%/11.8%
UK UK public inflation expectations cool again: Citi/YouGov survey
1-yr Inflation Expectations fall to 5.4% from 5.7%
Long-run Inflation Expectations fall to 3.5% y/y, close to long-term average
UK grocery price inflation rises to record 16.7% y/y – Kantar

Japan Dec prov. Industrial Production -0.1% m/m -2.8% y/y vs. expected -1.2%/-4.0%
Q4 Industrial Production -3.1% q/q, biggest fall since Q2 2020
Dec Retail Sales 1.1% m/m 3,8% y/y vs. expected 0.8%/3.1%
Dec Large Scale Retail Sales 3.,6% y/y
Dec Unemployment Rate 2.5% as expected
Dec Jobs To Applicants Ratio 1.35 vs. expected 1.36
Jan Consumer Confidence 31.0 vs. expected 30.4 (Dec 30.3)
China economic activity swings back to growth in January
Jan NBS Manufacturing PMI 50.1 as expected (Dec 47.0)
Jan NBS Services PMI jumps back to 54.4 vs. expected 52.0(Dec 41.6)
Dec Industrial Profits y.t.d. -4.0% y/y vs. prior -3.6%