Markets Overview

HIGHLIGHTS AHEAD

    The key event on Wednesday will be the US FedReserve’s first FOMC meeting for 2015 on 26/27 January(announcement made on 28 January, 3am Singaporetime) followed by the Reserve Bank of New Zealand on28 January (4am Singapore time). There will be a relativelylight US economic data today with just the usual weekly MBAmortgage applications and the December new home sales.

    Meanwhile, US corporate earnings reports will continue tofeature prominently on the market radar today includingFacebook. For the rest of the developed economies, the datadocket includes Japan January small business confidencesurvey, German February GfK consumer confidence survey,UK January Nationwide house price, Italy January consumerconfidence, business confidence & economic sentiment,UK December BBA loans for house purchases and FrenchDecember jobseekers data. The key New Zealand dataon early 28 January morning will be the December tradenumbers.

    Today, all eyes will be on China’s industrial profits forDecember, as well as the Westpac-MNI consumer sentimentsfor January.