- Strong rebound in Chinese equities (indices up as much as 3-4%) following news that state-controlled companies are to use up to US$300bn of foreign account funds to support China's stock market
- Today we learnt about the publication of a number of Wall Street companies. One of them was 3M, which lost nearly 10%, which was linked to the publication of weaker guidance. The EPS increase was not due to the business itself, but to fiscal factors.
- We also had today the publication of companies such as United Airlines and Verizon, which rose sharply after the publication of their results. On the other hand, companies such as General Electric or Johnson&Johnson disappointed
- The US100 gained 0.15%, while the US500 gained less than 0.1%. Technically, we can speak of overbought signals, although the further fate of the indices will depend on further earnings releases later in the week
- After the trading session on Wall Street, Netflix is due to publish its results. Very strong results are expected in view of the company's resilience to the industry's problems. Consensus points to an increase in subscribers of around 8 million for Q4. The company is also expected to improve margins
- The Richmond Fed Index falls harder than expected to -15 points. This is another regional index indicating clear weakness at the start of the new year
- EURUSD falls to lowest level since mid-December as yields rise
- Disappointing inflows into bitcoin ETFs are causing bitcoin to fall not only below $40k, but also below $39k.
- Oil and gold reduce earlier gains. NATGAS halts very strong declines ahead of important Thursday inventory change report
- The Bank of Japan kept interest rates as expected, but Ueda indicated that an exit from negative interest rates could occur. Nevertheless, the rise in the yen was very short-lived and today we saw dollar dominance
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