Morning Brew January 17 2023
Erik Schafhauser
Senior Relationship Manager
Good Morning,
With the US Holiday, markets were fairly calm yesterday and we are little moved from yesterday. The low Chinese GDP is weighing on Risk sentiment a little, The US 500 is 0.4% lower, the US 30 -0.25 and the US Tech 100 -0.5%. The Ger40 is unchanged, EURUSD 1.0815, GBPUSD 1.2190 and USDJPY 128.90. Gold is 1910 and Silver 24.10.
The Chinese GDP came at the word growth since record and the population declined for the first time in 60 Years.
With the Bank of Japan expected to intervene in the markets, over night volatility has risen to 50%.
The German HICP came in line with expectations this morning at 9.6%.
Watch Bank stocks today with Goldman and Morgan Stanley expected to report before market open, this could move markets.
Economic Data & Earnings
Tuesday
China GDP, Retail Sales and Output
German CPI
EU HICPI, EU ZEW
Canada CPI Japan Rate decision
Earnings: Morgan Stanley, Goldman Sachs, Interactive Brokers,
Wednesday
UK CPI
EU HICP Final
US PPI, Retail Sales, Capacity Utilization
Earnings: Charles Schwab,
Thursday
Swiss PPI
US Labor Data
Netflix, Procter & Gamble, Northern Trust
Friday
Japan CPI,
Germany PPI
Earnings: Sandvik, Schlumberger, State Street