OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events; a mixed-bag start of the week among major Asian stock markets; Japan’s Nikkei 225 continued its bullish tone (+0.91% Monday, 15 January) after it hit a 34-year high last week and cleared above the 35,000 psychological level. In contrast, China and Hong Kong benchmark stock indices ended Monday, 15 January with losses; CSI 300 (-0.10%), and Hang Seng Index (-0.17%) as China’s central bank, PBoC disappointed market participants by leaving one of its key benchmark interest rate, the 1-year MLF rate unchanged at 2.50% and negative newsflow out from a leading China Big Tech; Baidu’s AI chat platform was alleged to have collaborated with the Chinese military, stoking fears of more geopolitical tension between US and China.
Also, a preview of UK and Japan inflation trends for December as well as key China data (Q4 GDP, industrial production & retail sales).
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