Morning Markets: Fed holds the line
- France: Manufacturing PMI (0850 GMT)
- Germany: Manufacturing PMI (0855 GMT)
- Eurozone: Manufacturing PMI (0900 GMT)
- US: ISM manufacturing report (1500 GMT)
- US stocks closed slightly up after the Fed kept rates unchanged but flagged a March rise
- It was Janet Yellen's last meeting at the helm of the Federal Reserve
- Japan's final Manufacturing PMI came in at 54.8 in January, up slightly on last month
- The Nikkei 225 made solid gains; closing up by a hefty 1.68%
- China's Caixin manufacturing PMI for January came in at 51.5, better than expected
- China's benchmark Shanghai Composite fell on earnings concerns
- Hong Kong's Hang Seng retreated as well, closing down 0.39%
- India's IHS Markit Manufacturing PMI slowed to 52.4, a three-month low, in January
- The S&P/ASX200 surged higher; it closed up 0.87% at 6,090.10
- Australian building approvals for month fell 20% ( a 7.6% fall had been expected)
- Aussie year-on-year building approvals fell 5.5% (well below the expected 11.5% rise)
- The US dollar held overnight gains against the yen
- AUD has lost ground on weak CPI, USD strength
- EURUSD has declined from Wednesday's highs
From the Floor
US production on the rise. "The oil rally is losing momentum," says Hansen.
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
The precious metal Palladium has shown weakness so far this year, in contrast to its bullish rise last year, writes the team at Saxo Capital Markets (Australia).
China's upbeat PMI
China's Caixin Manufacturing PMI for small to mid-size firms, came in at 51.5 in January, beating expectations, says the Singapore-based team at Saxo APAC Sales Trading.
Morning Markets goes out on the TradingFloor platform at 08:00 GMT, Monday to Friday.
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