31/01/2023
Today’s Announcements & News
Retail sales and private sector credit for December at 11.30am AEDT
US fourth-quarter employment cost index, FHFA house prices November, S&P CoreLogic CS house prices November, Chicago PMI January
China January PMIs for manufacturing, services at 12.30pmAEDT
Japan December industrial production
Eurozone fourth-quarter GDP at 9pm, January CPI at midnight
Asia
Australian shares are poised to open flat.
Mainland Chinese shares jumped before paring gains on the return of the Luna New Year holiday, with CSI 300 briefly entering a bull market. However, Hong Kong stock markets reversed the gaining streak as investors were cautious ahead of major global events this week.
United States
Ford Motor is slashing the price of its electric Mustang Mach-E by an average of $US4500 in response to Tesla’s own recent cuts. The discount comes on a model that Ford has already described as unprofitable, but the automaker said it hopes to offset further margin deterioration by boosting production 67 per cent this year.
Johnson & Johnson’s strategy to use bankruptcy to resolve its multibillion-dollar litigation over claims its talc products cause cancer was rejected by a federal appeals court, which dismissed a bankruptcy petition by its talc subsidiary.
Commodities
New Mexico is investigating a methane cloud observed by high-resolution satellite that appears to show the powerful greenhouse gas spewing from an APA Corp. oil and gas facility late last month.
Russia’s President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman talked about OPEC+ by phone ahead of the alliance’s committee meeting on Wednesday. The two leaders discussed “cooperation within OPEC+ to provide the stability of global oil market” and bilateral cooperation in the political, trade, economic and energy sectors.
The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion.
