Morning Markets: Asian equities limp into 2017
- India: Manufacturing PMI (0500 GMT)
- Brazil: Manufacturing PMI (1200 GMT)
- China's Manufacturing PMI came in at 51.4 for December, a post-2012 high
- China's Services PMI for December was a robust 54.5
- Highways are closed and flights have been disrupted in northern China by heavy smog
- The haze became severe on January 1, and could last until later this week
- Thailand had the top-performing stock market in south-east Asia in 2016, rising 19.62%
- Indonesia's Jakarta Composite Index gained 15.32% in 2016; it was second in the region
- India's BSE was open for trading today
- Indian PM Narendra Modi defended his poorly implemented banknote crackdown
- Modi announced cash handouts, cheap loans and tax breaks
- The Tokyo Stock Exchange is closed on January 2 and 3, for public holidays
- Bourses in Australia, Shanghai, Hong Kong, Singapore and Thailand were closed today
- The US dollar lost ground against the yen; it was worth ¥116.7750 at 0156 GMT
- The yuan hovered near 7 to the US dollar; USD was buying 6.9721 yuan at 0157 GMT
- The Australian dollar held above 0.72; it was worth 0.7215 at 0158 GMT
From the Floor will return on January 3
Diverging monetary policies between the US and Europe and political uncertainty in the EU could be factors at play that are driving down German bond yields, says James Picerno.
2016 in a nutshell
If we learned anything in 2016 it is that conventional wisdom is merely conjecture dressed up as conviction writes Michael O'Neill.
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