Market Notes:
The TIC Flows report yesterday showed that China sold off enough US debt in December to let Japan become the new number one holder of US debt.
Japan seems to slide deeper and deeper into deflation- the GDP deflator (in a sense the broadest price measure) fell by 3% in Q4.
Daily Trends & Charts
Watch the Fundamentals!(GMT time)
Yesterday
UK CPI: 3.5% vs. 3.6% exp.
German ZEW Economic Sentiment: 45.1 vs. 42.5 exp.
US TIC Long-Term Purchases: 63.3B vs. 50.3B exp.
TODAY
Chinese Banks closed due to New Year Celebrations.
UK Jobless Claims: 23.5K vs. -14.6K exp.
UK Interest Rate Votes: 0-0-9 as exp.
US Building Permits at 13:30.
US Housing Starts at 13:30.
US Industrial Production at 14:15.
US FOMC Meeting Minutes at 19:00.
Tomorrow
Chinese Banks closed due to New Year Celebrations.
Japanese Interest Rate decision.
Canadian Core CPI at 12:00.
US PPI at 13:30.
US Unemployment Claims at 13:30.
US Manufacturing Index at 15:00.
AU RBA Governor Glenn Stevens at 22:30.
Good Day!!!
“Trends for today” is presented by Danny Spivak
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