Equity Markets Opened Higher After The Record Closes Seen On Wall St

Jan 10 20, 07:25 GMT

General Trend:

Trump said China trade deal may be signed shortly after Jan 15th (financial press citing interview)
Energy companies and property developers decline in China and Hong Kong in early trading
HK property developer Sunac China drops over 4% on plan to conduct ~HK$8.0B stock placement
Aussie Nov retail sales supported by Black Friday spending
Indonesia Rupiah currency (IDR) rises on comments from central bank
Large Taiwanese DRAM maker Nanya Technology expected to report Q4 results later today
Taiwan Semi expected to report Dec sales later today

Headlines/Economic Data

Australia/New Zealand

ASX 200 opened +0.2%
(AU) AUSTRALIA NOV RETAIL SALES M/M: +0.9% V +0.4%E (largest rise in 2 years)
(AU) Australia Dec AIG Performance of Services Index: 48.7 v 53.7 prior
(AU) Australia insurers have raised bush fire lose estimates to A$939M – US Financial Press

China/Hong Kong

Shanghai Composite opened +0.2%, Hang Seng +0.4%
(CN) China PBOC sets Yuan Reference Rate: 6.9351 v 6.9497 prior
(CN) China PBoC Open Market Operation (OMO): Skips reverse repos for the 14th consecutive session; Net drain CNY0B v drain CNY0B prior
(CN) Phase 2 trade deal after Nov 2020 is too far away, US President Trump should not use the signature of a phase 2 deal with China as ‘bargaining chip’ for his presidential election in Nov 2020 – Global Times

Japan

Nikkei 225 opened +0.3%
(JP) Nikkei 225 options for Jan said to settle at ~23,857
(JP) Japan Nov Household Spending Y/Y: -2.0% v -1.8%e
(JP) Japan Dec Official Reserve Assets: $1.32T v $1.32T prior
(JP) Japan Nov Preliminary Leading Index CI: 90.9 v 90.9e; Coincident Index: 95.1 v 95.2e
(JP) Bank of Japan (BOJ) announcement related to daily bond buying operation: Unchanged
(JP) Japan PM Abe trip to Saudi Arabia, UAE, and Oman will proceed as planned – Japan Press

Korea

Kospi opened +0.2%
(KR) South Korea Finance Min Hong: Iran situation is not impacting the domestic economy

Other Asia

North America

Boeing [BA]: Issues statement on documents provided to Congress related to the internal communications about the development of the 737 Max
Grubhub Seamless [GRUB]: Comments on press speculation: ‘unequivocally’ isn’t running sales process
Amazon [AMZN]: Said to be in talks with TV Apps about selling ad inventory on platforms such as Apple TV and the XBOX – US financial press

Europe

(UK) UK Foreign Sec Raab: Advises against all travel to Iran, cites ‘body of information’ that Ukraine UIA Flight 752 was shot down by Iran
(IE) Ireland Dec Consumer Confidence: 81.4 v 77.1 prior

Levels as of 00:20 ET

Nikkei 225, +0.3%, ASX 200 +0.8%, Hang Seng flat; Shanghai Composite -0.4%; Kospi +0.6%
Equity Futures: S&P500 +0.2%; Nasdaq100 +0.3%, Dax +0.1%; FTSE100 +0.1%
EUR 1.1112-1.1102 ; JPY 109.58-109.45 ; AUD 0.6878-0.6850 ;NZD 0.6621-0.6601
Gold -0.4% at $1,547/oz; Crude Oil -0.3% at $59.36/brl; Copper +0.1% at $2.803/lb

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