Quote:
‘Is there anything in life so disenchanting as attainment?’ Robert Louis Stevenson (1850-1894)
The News:
The Bank of Japan keeps rates at 0.25% amid accusations of government meddling.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
(23:50) JP November Tertiary Industry Index –0.3% versus +2.1% October.
04:00 JP December Tokyo Condominium Sales +1.5% Y/Y vs –13.5% Nov. 06:00 JP Bank of Japan Monthly Report.
05:30 JP December Nationwide Department Store Sales –2.3% Y/Y, Tokyo –3.1% Y/Y, vs –0.2% and –0.7% November.
09:00 ECB January Monthly Report.
10:00 CH January ZEW Survey (versus –23.7 December).
13:30 US December CPI (+0.1% to +0.6% M/M, Core 0% to +0.3% M/M, Core +2.5% to +2.8% Y/Y, vs 0%, 0% and +2.6% November).
13:30 US December Housing Starts (1500K to 1650K, Building permits 1450K to 1670K, versus 1588K and 1513K Nov).
13:30 US Weekly Jobless Claims (290K to 320K versus 299K prior week).
13:30 CA November Manufacturing Shipments (+0.1% to +1.5% M/M versus –0.1% October).
13:30 CA November International Securities Transactions (-C$5B to –C$0.5B versus –C$5B October).
17:00 US January Philadelphia Fed Survey (-7.5 to +14.0 versus –2.3 December).
The Psychology:
Islamic New year holidays start as from tomorrow (subject to lunar sightings).
The Risk:
Treasury bond auctions in Britain (1.25% IL 2017), France (IL 2017), Spain (10 year), Sweden (IL 2012).
Today’s most interesting chart:
GBP/JPY Almost at its highest in 15 years.
