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Morning comment: Japanese jobs, Aussie house prices, China PMI, euro CPI & US payrolls

Chris Scicluna
Emily Nicol
Mantas Vanagas
  • A mixed showing in Asian markets as the US-China trade talks appeared to make gradual, if insubstantive, progress. Japan's labour market report was also a mixed bag, while China's Caixin PMI and Aussie house price data were weak. Euro area flash CPI, the UK manufacturing PMI and US payrolls lie ahead today.   

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Morning comment: After the Fed

Chris Scicluna
Emily Nicol
Mantas Vanagas
  • The dovish Fed has set the tone for today's markets, despite a busy data calendar. Japan's dataflow remained consistent with a strong Q4 while China's PMIs were slightly improved. And ahead of today's euro area GDP figure, Spain's growth number beat expectations but German retail sales figures were exceptionally weak.  

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Morning comment: Post-Commons Pre-Fed data deluge

Chris Scicluna
Mantas Vanagas
  • After last night's Brexit votes in the House of Commons, and ahead of today's Fed press conference, the latest Japanese retail sales, French GDP and German consumer confidence numbers all surprised on the upside. And Aussie inflation figures broadly met expectations, suggesting no need for the RBA to shift its policy setting for a while to come. 

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Brexit votes: No game-changers today

Chris Scicluna
  • There were no major game-changers from this evening’s seven Brexit votes in the House of Commons.
  • May lives to fight (and negotiate) another day. All key Brexit scenarios remain feasible, including an eventual deal, an Article 50 extension, or a no-deal Brexit. And MPs will have to come back in a fortnight's time to take stock and vote all over again.

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Morning comment: Aussie & French sentiment & more Brexit votes

Chris Scicluna
Emily Nicol
Mantas Vanagas
  • Following yesterday's losses on Wall Street, it was a quiet day in Asian markets, although the latest Aussie business sentiment survey was a significant disappointment. After a better French consumer survey, meanwhile, attention in Europe shifts to this evening's Brexit votes, which could highlight the complete vaccuum in UK policy.    

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