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Morning comment: Japan's Q4 rebound disappoints, Germany escapes recession

Chris Scicluna
Emily Nicol
  • Despite some more positive mood music around the US-China trade talks, Asian markets today were something of a mixed bag. The dataflow was also rather variable, with a stronger Chinese export performance contrasting with a relatively modest rebound in Japanese GDP and a flat reading for German economic ouput in Q4.  

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Morning comment: Japan PPI, US & UK CPI, EA IP and RBNZ

Chris Scicluna
Emily Nicol
  • Asian markets were boosted by improved prospects for the avoidance of a further US government shutdown and a de-escalation of trade-related tensions between the US and China. The conclusion of the latest RBNZ meeting, meanwhile, offered a less dovish message than markets had expected, while Japan's goods PPI surprised on the downside ahead of CPI releases from the UK and US.

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Morning comment: Japanese services, Aussie confidence & lending

Chris Scicluna
Emily Nicol
  • Market sentiment was firmer in Asia on positive news related to the US government shutdown and trade talks. Japanese services sector data were upbeat while the latest Aussie reports were a mixed bag, with improved business conditions but weaker pricing indications and a plunge in new home loans.

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The week ahead, w/c 11 Feb

Chris Scicluna
Emily Nicol
  • A busy week ahead brings further US-China trade discussions; UK-EU talks and another House of Commons debate on Brexit; data on GDP in the UK, Germany and Japan, and inflation in the US, UK and China; and the possible return of the US government shutdown.  

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Morning comment: Japanese sentiment & wages, & more from the RBA

Chris Scicluna
Emily Nicol
Mantas Vanagas
  • A downbeat tone to Asian markets tallied with a downbeat Japanese Economy Watchers survey while the RBA offered more detail on the kind of scenarios that might prompt a rate cut this year. The latest Japanese labour earnings data broadly remained in line with the recent moderately positive trend, however, while the latest national IP reports from the euro area were a mixed bag. 

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