Press reports from last evening indicate that a Chinese spy balloon has been spotted above Montana.
Hong Kong’s daily entry quota and pre-arrival coronavirus testing will be scrapped, and group tours will resume on Monday. Japan’s Finance Minister Suzuki said that the decision on the next Bank of Japan governor has not been made yet. South Korea’s Finance Minister Choo said that chip exports are expected to recover in the second half of the year.
China’s January Caixin Services PMI 52.9 (expected 51.6; last 48.0)
Japan’s January Services PMI 52.3 (expected 52.4; last 51.1)
Hong Kong’s January Manufacturing PMI 51.2 (last 49.6). December Retail Sales 1.1% yr/yr (last -4.2%)
India’s January Nikkei Services PMI 57.2 (expected 58.1; last 58.5)
Australia’s January Services PMI 48.6 (expected 48.3; last 47.3). December Home Loans -5.7% m/m (expected -2.8%; last -3.0%) and Invest Housing Finance -4.4% m/m (last -3.6%)
Singapore’s December Retail Sales 1.3% m/m (last -3.6%); 7.4% yr/yr (last 6.5%)