Reply To: Traders Market Weekly: Inflation and Bank Earnings


Japan’s December Services PMI 51.1 (expected 51.7; last 50.3)
Japan’s Nikkei (+0.6%) was a winning standout, aided by export stocks that reacted well to a weakening yen.
The 10-yr JGB hit the yield curve control ceiling of 0.50%; and the BOJ announced an unscheduled JPY300 bln 5-10yr purchase operation.
Hong Kong’s Hang Seng (-0.3%) faded slightly on Friday to close out a big week (+6.1%).
Chinese markets were reportedly helped by news that China is planning to relax its “three red lines” restrictions and make it easier for property developers to use more leverage when borrowing, according to Bloomberg.
Samsung Electronics reported a 69% yr/yr drop in its Q4 operating profit.