TALKING POINTS – YEN, CHINA, VIACOM, TRADE WAR, SHUTDOWN, BREXIT
Yen beneficial properties, Aussie and NZ fall as Viacom alerts China exit
Dour Chinese language commerce statistics add to proof of commerce struggle harm
Brexit uncertainty would possibly compound risk-off temper forward of key vote
The sentiment-geared Australian and New Zealand adopted Asia Pacific shares decrease whereas the anti-risk Japanese Yen outperformed in a dour begin to the worldwide buying and selling week. Information that media large Viacom would possibly divest from China appeared to set off the selloff.
As if that weren’t sufficient, December’s Chinese language commerce knowledge provided additional proof that commerce tensions between Washington and Beijing are hurting financial exercise. Exports plunged four.four % on yr, marking the worst end in two years. Imports sank 7.6 %, the most important drop since July 2016.
TRADE WAR, US SHUTDOWN, BREXIT UNCERTAINTY MENACE MARKETS
Wanting forward, a lull in top-tier financial information move opens the door for risk-off dynamics to hold by to European and US commerce. Certainly, the bellwether S&P 500 futures are pointing conspicuously decrease. Proof of continued impasse in talks to finish the US authorities shutdown could compound promoting strain.
Final-minute posturing forward of Tuesday’s Home of Commons vote on the UK authorities’s Brexit withdrawal invoice would possibly spur de-risking additional. Prime Minister Theresa Might will make a last-minute enchantment for the plan, warning that its defeat might compromise withdrawal from the EU altogether.
See our market forecasts to be taught what is going to drive currencies, commodities and shares in Q1!
ASIA PACIFIC TRADING SESSION
EUROPEAN TRADING SESSION
** All occasions listed in GMT. See the full financial calendar right here.
FX TRADING RESOURCES
— Written by Ilya Spivak, Forex Strategist for DailyFX.com
To contact Ilya, use the feedback part under or @IlyaSpivak on Twitter