Morning Markets: Equities rally falters in Hong Kong
- Switzerland: CPI (08:15 GMT)
- EU: Business and Consumer Surveys (10:00 GMT)
- EU: Retail Trade (10:00 GMT)
- US: Consumer Credit (20:00 GMT)
Australian and mainland Chinese shares maintained last week's bid tone overnight but the Hang Seng index largely failed to follow suit, eking out a 0.17% gain on the back of property shares while financials faltered; Chinese H-shares listed in Hong Kong fell 0.14% to 12,194.77.
FX and fixed income market activity was muted overnight with the largest major-currency move occurring in AUD, which dropped by 0.3% versus the greenback.
In in the commodities sector, crude oil prices rose overnight following a slump from last Thursday's highs with Brent crude rising to $67.83/barrel before retracing very slightly into the European open.
Today's data calendar sees Swiss CPI figures out at 08:15 GMT with EU business climate indicator, economic sentiment, and retail sales readings out at 10:00 GMT.
- Sentiment was upbeat in most Asian markets following solid gains on Wall Street Friday
- The Dow Jones and the Nasdaq had their best start to a year since 2006
- The lower US rig count buoyed oil prices; WTI was priced at $61.57/b at 0624 GMT
- The Tokyo Stock Exchange was closed for a public holiday today
- The Nikkei Asia Sector PMI saw growth in 15 of its total 19 sectors in December
- The Asia-wide PMI draws on surveys of 6,700 companies in 10 economies
- Australia's benchmark S&P/ASX200 closed higher for the fourth trading day in a row
- Australia's AiG Construction Index fell to 52.8 in December from 57.5 in November
- The UK Prime Minister is expected to sack or move about a quarter of her cabinet today
- President Donald Trump said he is willing to speak with the North Korean leader
- The US dollar edged higher against the yen; it was worth ¥113.32 at 07:50 GMT
- The Australian dollar lost ground against USD; it was worth 0.7832 at 07:50 GMT
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Morning Markets goes out on the TradingFloor platform at 08:00 GMT, Monday to Friday.
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