CFD Markets News and Forecasts — 16-01-2013

The yen strengthened against the dollar, recording a session with the second rise, after falling by 5.8% last month, sparking criticism from leaders around the world, that the fall in the exchange rate is excessive.

Japan's currency also rose against other currencies, as risk appetite increased, while the shares recovered some of their losses.

The pound fell for a fourth day against the dollar, registering with the longest drop since November, and also lost ground against the euro, as the World Bank has lowered the forecast for global economic growth. Note also that the currency has lost 0.5%, while reducing to $ 1.5986, which is a minimum of 28 November.

It is learned that the forecast reduction was due to the austerity measures, high unemployment, and the low level of confidence in the business, which puts pressure on the economies of developed countries. It is expected that the global economy will grow this year by 2.4%, after rising by 2.3% in 2012.

The euro fell against the dollar, because yesterday the Prime Minister of Luxembourg Jean-Claude Juncker said that the exchange rate is "dangerously high."

Meanwhile, a member of the Governing Board of the European Central Bank Ewald Nowotny said that the current exchange rate of the euro is not a problem for him, and he does not expect that the currency will increase in the long term.

European stocks were little changed, erasing an earlier retreat for the region’s benchmark Stoxx Europe 600 Index, as U.S. industrial production climbed and Goldman Sachs Group Inc.’s earnings topped estimates.

TUI Travel Plc (TT/) gained 3.9 percent after Europe’s largest tour operator said it received an approach from its German majority owner. Anglo American Plc (AAL) dropped 3.1 percent as the African National Congress said South Africa’s government should withdraw the company’s platinum licenses. Societe Generale SA (GLE) lost 2.8 percent as CA Cheuvreux downgraded the French lender.

The Stoxx 600 rose less than 0.1 percent to 286.03 at the close of trading, after earlier falling as much as 0.4 percent.

FTSE 100 6,103.98 -13.33 -0.22% CAC 40 3,708.49 +11.14 +0.30% DAX 7,691.13 +15.22 +0.20%

Economic data today showed U.S. industrial production climbed 0.3 percent in December, for a second month of gains, as demand picked up for capital equipment. That matched the median forecast, after a revised 1 percent November gain, the Federal Reserve report showed.

Confidence among U.S. homebuilders held at the highest level in more than six years in January, adding to evidence that residential real estate will help spur economic growth. The National Association of Home Builders/Wells Fargo index remained at 47.

Stocks fell earlier as the World Bank cut its global growth forecast for this year to 2.4 percent as austerity measures, high unemployment and low business confidence weigh on economies in developed nations. That’s down from a June forecast of 3 percent, after growth of 2.3 percent in 2012.

TUI Travel rallied 3.9 percent to 292.5 pence after the company said its in early stage talks with TUI AG (TUI1) that “may or may not result in a combination of the two companies.” Shares of TUI AG surged 8.8 percent to 8.05 euros in Frankfurt.

Anglo American, the world’s largest platinum producer, dropped 3.1 percent to 1,901 pence after the ANC called on the South African government to withdraw mining licenses from Anglo’s Amplats unit.

Lonmin Plc (LMI), the third-largest platinum producer, tumbled 5.7 percent to 326.3 pence.

KappAhl AB (KAHL) jumped 17 percent to 5.10 kronor after Sweden’s second-biggest publicly traded clothing retailer reported first- quarter net profit of 115 million kronor ($17.7 million), exceeding analyst estimates of 70.4 million kronor. Sales also topped forecasts.

Societe Generale slid 2.8 percent to 32.54 euros, a second day of losses. Cheuvreux downgraded the French bank to underperform, the equivalent of sell, from outperform.

Oil prices rose today, recording a session with the second increase in a row, as government data showed that U.S. crude inventories fell unexpectedly last week.

Prices rose by 1.2% after the U.S. Energy Department reported that crude oil inventories fell by 0.951 million barrels. Note that, according to analysts reserves had increased by 2.2 million barrels.

Oil reserves were down to the level of 360.3 million in the seven days that ended on January 11. In addition, data showed that oil production in the U.S. rose to 7.04 million barrels a day, which is the highest level since January 1993.

Gasoline inventories rose by 1.91 million to 235 million, while analysts had expected an increase of $ 2.7 million the same time, supplies of distillate fuels, which include heating oil and diesel, rose 1.67 million, making with 132.4 million barrels, which was slightly higher than expected at 1.5 million barrels.

The report also showed that the capacity of refineries dropped to 87.9%, compared to 89.1% last week, the EIA report showed.

Meanwhile, OPEC announced today that oil production in December fell by 465,000 barrels a day to the level of 30.4 million at the same time, OPEC noted that retained its global demand forecast for 2013 demand unchanged.

Also, higher oil prices contributed to a published report on industrial production in the U.S., which showed that in December, production has increased, showing thus the second consecutive monthly increase.

February futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) fell to 94.11 dollars a barrel on the New York Mercantile Exchange.

February futures price for North Sea petroleum mix of mark Brent fell to $ 110.41 a barrel on the London Stock Exchange ICE Futures Europe.

Price of gold futures fell today, departing made yesterday week high. Experts point out that this dynamic is primarily due to the fact that demand is weakening, while economic growth is slowing. In addition, the fall today demonstrated and platinum prices, which fell to a three-month high. , In addition, many buyers of gold are awaiting further reduce the cost, which was triggered by a statement from the World Bank, who announced the lowering of global growth forecast for this year, and also said about a possible second annual decline in the euro area.

Against this background, economists note that any talk of slowing physical demand will put pressure on prices. Meanwhile, on the whole, there is some nervousness because of the slowdown.

Note that from a technical perspective, gold prices are likely to meet resistance at around $ 1,690 per ounce, which is a maximum of 3 January.

At the same time, analysts note that precious metals are relatively stable for a more "solid" U.S. dollar, on the possibility of a further decline in the next couple of days is not high.

February futures price of gold on COMEX today fell to 1680.80 dollars per ounce.

After rising for eight straight months, homebuilder sentiment stayed at 47 in January, missing expectations of a rise to 48.

The index continues to be at its highest level since April 2006.

Conditions in the housing market look much better now than at the beginning of 2012 and an increasing number of housing markets are showing signs of recovery, which should bode well for future home sales later this year,” said Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) in a press release.

“However, uncertainties stemming from last month’s fiscal cliff negotiations contributed to the pause in builder confidence and continuing discussions among policymakers related to spending cuts and the future of the mortgage interest deduction could put a damper on housing demand in the coming months.”

The current sales component of the index stayed at 51 in January. But sales expectations for the next six months fell one point to 49.

The index has been up for eight straight months. A reading of 50 shows that an equal number of builders view the market as good or bad.

The National Association of Home Builders' housing market index is a sentiment index in which respondents rate not just the housing market but also the economy in general.

The index draws on builder perceptions of current single-family home sales and sales expectations for the next six months. It also includes builders' expectations of traffic of prospective buyers.

Industrial production in the U.S. increased by slightly more than expected in the month of December, the Federal Reserve revealed in a report on Wednesday, with increased mining and manufacturing output more than offsetting a sharp drop in utilities output.

The report showed that industrial production increased by 0.3 percent in December following a revised 1.0 percent jump in November. Economists had expected production to edge up by 0.2 percent compared to the 1.1 percent growth originally reported for the previous month.

The Federal Reserve also said capacity utilization inched up to 78.8 percent in December from an upwardly revised 78.7 percent in the previous month. The capacity utilization rate had been expected to edge up to 78.5 percent from the 78.4 percent originally reported for November.

U.S. stock-index futures declined as the World Bank trimmed its forecasts for global growth and JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) reported fourth-quarter earnings.

Global Stocks:

Upgrade:
eBay (EBAY) upgraded to Buy from Hold at Edward Jones

Downgrade:
Apple (AAPL) downgrade to Outperform from Sector Perform at Pacific Crest

Other:
Boeing (BA) removed from Conviction Buy List At Goldman
Apple (AAPL) target lowered to $630 from $720 at BofA/Merrill  

Consumer prices in the U.S. came in unchanged in the month of December, according to a report released by the Labor Department on Wednesday.

The Labor Department said its consumer price index was unchanged in December after falling by 0.3 percent in November. The latest figures matched economist estimates.

Excluding food and energy prices, the core consumer price index edged up by 0.1 percent for the second straight month. The modest increase in core prices also came in line with estimates.

EUR/USD $1.3200, $1.3275, $1.3280, $1.3300, $1.3350

USD/JPY Y87.75, Y88.25, Y88.40, Y88.50, Y88.60, Y89.00, Y89.50

GBP/USD $1.6050, $1.6225

AUD/USD $1.0500, $1.0550, $1.0600

NZD/USD $0.8450

EUR/USD

Offers $1.3395/405, $1.3350/60, $1.3330

Bids $1.3260/50, $1.3240/20, $1.3200

AUD/USD

Offers $1.0650, $1.0635/40, $1.0625, $1.0600, $1.0570/90, $1.0575/80

Bids  $1.0525/20, $1.0500, $1.0480/70, $1.0450

GBP/USD

Offers $1.6180/85, $1.6135/50, $1.6115/20, $1.6095/105

Bids $1.6000, $1.5995/90, $1.5980/70, $1.5950

EUR/JPY

Offers Y119.25/30, Y118.95/00, Y118.50, Y118.00, Y117.70/80

Bids Y117.15/10, Y116.80, Y116.20, Y115.50

USD/JPY

Offers Y89.50,  Y89.15/25, Y89.00/10, Y88.40/50

Bids Y87.75/70, Y87.50 , Y87.00

EUR/GBP

Offers stg0.8400, stg0.8380, stg0.8350/60, stg0.8325/30, stg0.8310/15

Bids stg0.8260,  stg0.8250,  stg0.8225/20, stg0.8205/00, stg0.8180

- Sees 2013 demand for OPEC crude down 0.4 mbd to 29.6 mbd

- Sees 2013 non-OPEC supply rising 0.9 mbd

- Sources see Dec OPEC crude supply down 465 kbd m/m to 30.37 mbd

European stocks declined for a fifth day as the World Bank downgraded global growth forecasts and Jean-Claude Juncker, who heads the euro group of finance ministers, said the strength of the euro currency threatens the region’s economy.

The World Bank cut its global growth forecast for this year as austerity measures, high unemployment and low business confidence weigh on economies in developed nations.

The Washington-based bank yesterday projected the world economy will expand 2.4 percent, down from a June forecast of 3 percent, after growing 2.3 percent in 2012. It cut the U.S. projection by 0.5 percentage point and predicted a second year of contraction in the euro region.

Juncker late yesterday called the euro’s value “dangerously high” after the 17-nation currency this week traded above $1.34 against the U.S. dollar for the first time since February last year. The euro has risen 8.4 percent gain against the dollar in the past six months.

Companies in the euro area will probably to cut dividends to the lowest level in four years as chief executive officers stockpile cash to weather the region’s sovereign-debt crisis.

Societe Generale and Credit Agricole retreated 4.3 percent to 32.05 euros, and 3.3 percent to 7.19 euros, respectively.

Tesco dropped 1.1 percent to 345.8 pence. The U.K.’s largest grocer said it withdrew some beef products after tests by the Food Safety Authority of Ireland found some contained horse DNA. Two types of frozen beef burger sold by Tesco in both the U.K. and Ireland had horse DNA, the company said in a Jan. 15 statement on its website.

Anglo American Plc, the largest platinum producer, fell 4 percent to 1,882 pence. The African National Congress said South Africa’s government should withdraw mining licenses from the company’s Amplats unit. The business, also known as Anglo American Platinum Ltd., said yesterday that it will idle four shafts in South Africa, cutting production of the precious metal by 400,000 ounces a year and firing as many as 14,000 workers.

Lonmin Plc, the third-largest platinum producer, tumbled 4.7 percent to 329.6 pence.

FTSE 100 6,086.12 -31.19 -0.51%

CAC 40 3,690.61 -6.74 -0.18%

DAX 7,653.01 -22.90 -0.30%

- Forecasts 2014 GPD growth of +1.6%

- 2013 exports +2.8%, imports +3.5%

- 2013 private consumption +0.6%

- 2013 equipment investment -1.3%

- 2013 construct investment +1.3%

- 2013 german CPI +1.8%

- 2013 fcsts assume euro-dollar $1.31, unchanged ECB rates

IGCP sold E2.5bln vs target E2.25-E2.5bn

- E300mln 3-month T-bill; avg yield 0.667 (1.936%), cover 3.8 (5.1)

- E1.2bln 12-month T-bill; avg yield 1.609% (2.101%), cover 2.3 (2.5)

- E1.0bln 18-month T-bill; avg yield 1.963% (2.99%), cover 2.7 (1.9)

Germany alloted E4.007bln of new 10-year benchmark 1.50% Feb 2023 Bund at average yield of 1.56% (1.40%) and bid-to-cover ratio 1.7 times (1.5).

The single currency came back beyond the level of $ 1.3300 after the ECB Nowotny said that at the moment the euro - not the main problem. This phrase is in sharp contrast with yesterday's comments Juncker, who pointed out the lack of deflationary and inflationary pressures in the region. He also noted that the current year will be positive for Germany, while eurozone GDP will decline.

The EUR / USD is trading near the peak of the Asian session, at at $ 1.3006. Resistance at $ 1.3320 (high Asian session), which aims to overcome the resistance of a pair of $ 1.3405 (up to January 14). Breakthrough level of $ 1.3245 (low of January 11) will open the way to support $ 1.3180 (MA (200) for H1).

- Doesn't see problem of fx wars currently

- Market levels going in right direction

- Repayment ECB emergency funding sign EZ stabilisation

- Welcomes signs EZ banks less dependent on ECB loans

- Comments were from CNBC interview

Eurozone inflation remained unchanged at 2.2 percent in December as initially estimated, final data released by Eurostat showed Wednesday.

The latest figure is the lowest since November 2010. Inflation has been hovering above the central bank's threshold limit of 2 percent for many months.

Monthly inflation, at the same time, came in at 0.4 percent, slightly above the consensus forecast of 0.3 percent.

Core inflation that excludes energy, food, alcohol and tobacco, edged up to 1.5 percent in December, in line with forecast, from 1.4 percent from November.

EUR/USD $1.3200, $1.3275, $1.3280, $1.3300, $1.3350

USD/JPY Y87.75, Y88.25, Y88.40, Y88.50, Y88.60, Y89.00, Y89.50

GBP/USD $1.6050, $1.6225

AUD/USD $1.0500, $1.0550, $1.0600

NZD/USD $0.8450

Asian stocks dropped, with the regional benchmark index heading for its biggest loss since November, amid signs markets are overbought. The Nikkei 225 Stock Average slid by the most in eight months, while Chinese shares fell for the first time in three days.

Nikkei 225 10,600.44 -278.64 -2.56%

Hang Seng 23,356.99 -24.52 -0.10%

S&P/ASX 200 4,738.44 +21.89 +0.46%

Shanghai Composite 2,309.5 -16.18 -0.70%

Honda Motor Co., an automaker that gets 81 percent of its sales overseas, sank 3 percent in Tokyo as a stronger yen dimmed the outlook for exporters.

GS Yuasa Corp., a supplier of lithium batteries to Boeing Co., slumped 4.5 percent after All Nippon Airways Co. grounded its fleet of Boeing Dreamliners.

The yen rose sharply against the dollar, which was associated with the comments of the Japanese economy minister Akira Amari, who noted that an overly weak currency could damage the import and households. Note that the market participants are immediately perceived the news as "a call to action." However, many experts say that now the probability of further action to reduce the value of the yen slightly decreased.

The Swiss franc fell to a 13-month low against the euro, as there are more and more signs that the debt crisis in Europe is waning. Recall that with the improvement of the situation demand for the currency as a refuge sharply. Meanwhile, we note that the Swiss franc reached a level of 1.24 per euro for the first time since December 7, 2011.

The dollar rose against most major currencies, as many investors bought it as a safe asset. Note that the market participants are now pending the issue of the limits of public debt is not the solution of which can seriously harm the economy. U.S. Treasury Secretary Timothy Geithner said that the debt limit was reached on December 31, and "emergency funds", which are now used by countries to pay the bills, will last only until the beginning of March.

Geithner also warned of serious economic difficulties, if Congress does not approve raising the limit. Recall that in 1960 it had already increased 79 times.

Meanwhile, Fitch Ratings said that the "failure" in the resolution of this issue may cause to revise the U.S. credit rating, which is currently at AAA.

Most Asian stocks rose, with the regional benchmark index heading for the highest close since August 2011. Japanese shares gained after Bank of Japan Governor Masaaki Shirakawa said the central bank will pursue powerful monetary easing.

Nikkei 225 10,879.08 +77.51 +0.72%

S&P/ASX 200 4,716.56 -3.15 -0.07%

Shanghai Composite 2,325.68 +13.94 +0.60%

Olympus Corp., a maker of cameras and endoscopes, jumped 7.7 percent in Tokyo after Goldman Sachs Group Inc. raised the stock’s rating to buy.

Billabong International Ltd. surged 16 percent as Australia’s largest surfwear maker received a takeover offer from VF Corp. and Altamont Capital Partners.

LG Display Co. slid 3.5 percent in Seoul, pacing declines among Apple Inc. suppliers, after the Nikkei newswire reported Apple scaled back production plans for the iPhone 5.

European stocks were little changed as concern that debt-ceiling talks will harm the U.S. economy and a report showing weaker-than-forecast German growth offset Spain’s better-than-targeted sale of debt.

IG Group Holdings Plc (IGG) slipped 1.1 percent after saying first-half net trading revenue fell. SAP AG (SAP) sank the most in six months after reporting earnings that trailed estimates. Air Liquide SA dropped 1 percent after Bank of America Corp. cut its recommendation on the stock. Hennes & Mauritz AB (HMB) advanced 3.6 percent after posting sales that beat analyst forecasts.

The Stoxx Europe 600 Index (SXXP) lost less than 0.1 percent to 285.97 at the close of trading.

National benchmark indexes fell in 11 of the 18 western European markets.

FTSE 100 6,117.31 +9.45 +0.15% CAC 40 3,697.35 -10.90 -0.29% DAX 7,675.91 -53.61 -0.69%

IG Group, owner of the IG Index financial spread-betting brand, slipped 1.1 percent to 462.5 pence. The company said first-half net trading revenue fell 14 percent to 169 million pounds ($271.8 million) and pretax profit slid 21 percent to 81.1 million pounds.

SAP sank 3.9 percent to 58.70 euros, the most since July 6. The biggest maker of business-management software reported earnings trailing analysts’ estimates as it increased spending and growth in the Americas slowed. Fourth-quarter operating profit excluding some items rose about 10 percent to 1.96 billion euros, compared with analyst estimates for 2 billion euros.

Air Liquide (AI), a maker of industrial gases, fell 1 percent to 92.15 euros after Bank of America’s Merrill Lynch unit cut its recommendation to underperform from neutral, saying that the “risk/reward” at the shares’ current levels isn’t attractive.

H&M jumped 3.6 percent to 228.20 kronor. Europe’s second- largest clothing retailer reported an increase in sales that beat analysts’ estimates.

Burberry Group Plc (BRBY) advanced 4.6 percent to 1,386 pence. The U.K.’s largest luxury-goods company said third-quarter revenue increased 7 percent to 613 million pounds, exceeding the 601.4 million-pound average of analysts estimates.

Indexes finished trading mixed as market participants dominated concerns about the problem of increasing debt ceiling.

Recall that yesterday, U.S. President Barack Obama called on Congress to raise the debate without additional debt limit, as the delay in the adoption of this decision could destabilize financial markets. If Congress does not vote for a resolution to increase the limit, it would be "irresponsible" and "absurd," the president said.

Published statistics significant impact on the dynamics of trade do not have. Statistics recorded a greater than expected retail sales growth and lower inflation pressures. A separate report showed the weakness of the index of activity in the manufacturing sector of the Federal Reserve Bank of New York. Data on changes in inventories were as expected.

The focus of the market participants are quarterly reports of major companies, which will be presented later this week. In particular, it will be announced tomorrow, the financial results of the last reporting quarter a number of major banks, including JP Morgan Chase (JPM) and Goldman Sachs (GS), and the processor manufacturer Intel (INTC).

DOW index components traded mixed. At the moment, the leader shares in Microsoft Corporation (MSFT, +1.30%). Maximum loss carry stock Hewlett-Packard (HPQ, -2.42%).

To date, the sector of the S & P demonstrate a mixed trend. The maximum loss is the technology sector (-0.6%), which is under pressure from falling stock Apple (AAPL). The leader is the service sector (+0.6%)

At the close:

Dow +27.11 13,534.43 +0.20%

Nasdaq -6.72 3,110.78 -0.22%

S & P +1.62 1,472.30 +0.11%

00:30 Australia New Motor Vehicle Sales (MoM) December 0.0% +2.2%

00:30 Australia New Motor Vehicle Sales (YoY) December +9.7% +17.5%

05:00 Japan Consumer Confidence December 39.4 40.7 39.2

The yen headed for its biggest two- day gain in eight months amid speculation the Bank of Japan  will fail to impress investors with extra policy measures at its Jan. 21-22 meeting. The yen halted losses yesterday after Japanese Economy Minister Akira Amari said an excessively weak currency may drive up import costs and hurt households. The Nikkei newspaper today reported that Shigeru Ishiba, secretary general of Japan’s ruling Liberal Democratic Party, said a weaker yen may trouble some industries.

Japan’s machinery orders, an indicator of capital spending, climbed 3.9 percent in November from the previous month, Cabinet Office data showed today, marking the biggest increase since July.

The European Union’s statistics office will today release updated figures on the region’s consumer prices in December. The inflation rate probably rose 2.2 percent from a year earlier, unchanged from the previous reading, according to the median estimate of economists.

ECB Governing Council member Ewald Nowotny is due to speak on monetary policy today after Luxembourg’s Juncker said “the euro foreign-exchange rate is dangerously high.

EUR/USD: during the Asian session, the pair declined, approaching the previous day's low.

GBP/USD: during the Asian session the pair fell below $ 1.6050.

USD/JPY: during the Asian session the pair fell below Y88.00.

Wednesday's European calendar kicks off earluy, with the release of the  ACEA December new car registrations data at 0700GMT. Also at 0700GMT, German third quarter punlic debt numbers are due. At 0730GMT, the Bank of France December retail survey will be released. There is a string of global central bank appearances scheduled, starting with ECB Governing Council member Ewald Nowotny's keynote speech on monetary policy, in Vienna, starting at 0820GMT. Further eurozone data is expected from 1000GMT, when EMU December final  HICP numbers are due for release. At 1130GMT, Norges Bank Governor Oeystein Olsen is set to address EU ambassadors, in Oslo. Back in Europe, at 1430GMT, ECB Governing Council member Patrick Honohan is to appear before an Irish parliamentary committee, in Dublin.

Change % Change Last

Oil $93.46 +0.18 +0.19%

Gold $1,681.10 -2.80 -0.17%

Change % Change Last

Nikkei 225 10,879.08 +77.51 +0.72%

S&P/ASX 200 4,716.56 -3.15 -0.07%

Shanghai Composite 2,325.68 +13.94 +0.60%

FTSE 100 6,117.31 +9.45 +0.15%

CAC 40 3,697.35 -10.90 -0.29%

DAX 7,675.91 -53.61 -0.69%

Dow +27.11 13,534.43 +0.20%

Nasdaq -6.72 3,110.78 -0.22%

S&P +1.62 1,472.30 +0.11%

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,3304 -0,58%

GBP/USD $1,6063 -0,07%

USD/CHF Chf0,9318 +1,07%

USD/JPY Y88,78 -0,78%

EUR/JPY Y118,12 -1,36%

GBP/JPY Y142,61 -0,85%

AUD/USD $1,0563 -0,01%

NZD/USD $0,8396 -0,42%

USD/CAD C$0,9840 +0,03%

00:30 Australia New Motor Vehicle Sales (MoM) December 0.0% +2.2%

00:30 Australia New Motor Vehicle Sales (YoY) December +9.7% +17.5%

05:00 Japan Consumer Confidence December 39.4 40.7

08:15 Switzerland Retail Sales Y/Y November +2.7% +3.3%

10:00 Eurozone Harmonized CPI December -0.2% +0.3%

10:00 Eurozone Harmonized CPI, Y/Y (finally) December +2.2% +2.2%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y December +1.4% +1.5%

13:30 U.S. CPI, m/m December -0.3% 0.0%

13:30 U.S. CPI, Y/Y December +1.8% +1.8%

13:30 U.S. CPI excluding food and energy, m/m December +0.1% +0.2%

13:30 U.S. CPI excluding food and energy, Y/Y December +1.9% +1.9%

14:00 U.S. Net Long-term TIC Flows November 1.3 14.8

14:00 U.S. Total Net TIC Flows November -56.7

14:15 U.S. Industrial Production (MoM) December +1.1% +0.2%

14:15 U.S. Capacity Utilization December 78.4% 78.6%

15:00 U.S. NAHB Housing Market Index January 47 48

15:30 U.S. Crude Oil Inventories - +1.3

19:00 U.S. Fed's Beige Book January

21:00 New Zealand ANZ Job Advertisements (MoM) December -0.8%