- Federal Reserve FOMC minutes (December meeting) - 'transitory' dropped
- Key events on the US economic calendar this week include FOMC minutes and NFP
- Trading in Evergrande shares in Hong Kong has been suspended
- China - Evergrande instructed to demolish 39 illegal residential buildings
- Improving manufacturing PMIs in South Korea and Taiwan
- Singapore Q4 GDP (preliminary) +2.6% q/q and +5.9% y/y (beats 5.4% estimate)
- US Globex open is a sea of green for equity index futures
- JP Morgan advice for 2022 is pretty much 'buy every dip'
- Libya expects its oil output to drop by another 200K barrels/day over the next week
- UK government expects business, public services disruption in the coming weeks
- Biden says the US will respond decisively if Russia further invades Ukraine.
- German finance minister says will offer lower taxes ... from 2023
- Trade ideas thread - Monday 03 January 2022
- Turkey has raised electricity prices by up to 130% and gas prices by 50%
- OPEC technical committee report sees a mild and short-lived impact from Omicron
Weekend:
- The sellside guide to year-end markets
- What we know about incoming Bundesbank President Nagel
- Happy New Year! Clear the decks and get ready for 2022
New Zealand, Australia, Japan, and China were all out on holidays again today but normality will return from Tuesday. As a heads up the UK and Canada will also celebrate a holiday today.
News and data flow was light but Evergrande popped up in the news once again, this time with an order to demolish 39 residential buildings due to an incorrectly obtained permit (see bullets above). In further news trading in the shares in the firm was suspended in Hong Kong although the suspension appears unrelated.
There was a small fall out of favour for ‘risk’ FX, with a drop from earlier highs for AUD, NZD, EUR, GBP, CAD to varying extents. USD/JPY gained ground though.
