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Morning comment: Euro area CPI, UK confidence vote & house prices

Chris Scicluna
Mantas Vanagas
  • Asian markets had a mixed performance today with little domestic news. As Theresa May predictably won yesterday's confidence vote in Parliament, focus today will remain on Brexit discussions. Data-wise, final euro area inflation for December are due. 

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Morning comment: May humiliation, UK & German CPI, Japanese orders

Chris Scicluna
Emily Nicol
Mantas Vanagas
  • Despite a positive tone on Wall Street, and docvish comments from FOMC members and Draghi, Asian markets were mixed today, with Japanese indices not helped by a disappointing machine orders report. Sterling, however, is stable, as markets interpret yesterday's thumping defeat for Theresa May as increasing the likelihood of a softer Brexit or no Brexit at all. 

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Morning comment: Brexit, German GDP & Draghi

Chris Scicluna
Emily Nicol
Mantas Vanagas
  • A better mood to Asian markets with optimism on Chinese stimulus subsequently supported by new lending data. Looking ahead, German GDP data and Draghi's first speech of the year will act as a warm-up for the Commons menaingful vote on Brexit.  

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The week ahead, w/c 14 Jan 2019

Chris Scicluna
Emily Nicol
Mantas Vanagas
  • Despite Japan's holiday, a softer market tone prevails today in the wake of weak Chinese trade data. Euro area IP figures will compound the negativity today with what will likely be the weakest month's reading since early 2016, while Brexit will dominate the week. 

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Morning comment: Soft data fail to upset the market mood

Chris Scicluna
Emily Nicol
Mantas Vanagas
  • Asian markets followed those in the US with further gains in equitiy markets to mark the best week since November. Ahead of new figures for UK GDP and US CPI, however, the latest Japanese data surprised on the downside, while Spain's IP report was very weak.

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