Asia report_ markets higher as investors decrypt trump’s direction _ digitallook. com


Markets in Asia finished mostly in the green on Monday, with investors once again trying to decrypt the haphazard policy coming out of the Trump administration in the US.

In Japan, the Nikkei 225 was 0.31% higher at 18,976.71, with new official data pointing to a year-on-year inflation-adjusted drop in wages for December – the first decline in a year.

China’s unofficial Caixin purchasing managers’ index for January was released during the session, with a relatively strong reading of 53.1 – though that was a drop from the 53.4 seen in December.

The overbearing theme in the markets remained the US, where President Donald Trump has spared no moment in releasing policy on financial deregulation, immigration and everything in between since his inauguration on 20 January.

He said Trumpflation was a situation of higher yields and a stronger greenback, and Donald Doubt was the result of protectionism – a softer dollar and lower yields.

On his visit, Mattis stoked the flames of tension by reiterating the ongoing commitment from the US to defend Japan’s territory – including the disputed Senkaku islands in the south of the country.

Oil prices were higher during Asia trading, though they were mixed as the trading baton was handed to Europe, with Brent crude last down 0.02% at $56.80 per barrel and West Texas Intermediate up 0.17% at $53.92.

New Zealand’s markets were closed for the Waitangi Day national holiday – a day usually fraught with political tensions, though this year’s edition was relatively quiet on that front.

The markets in the Pacific island nation did have something to react to on Tuesday morning, however, with New Zealand’s Prime Minister Bill English taking a phone call from a “warm, civil and very thoughtful” Donald Trump.

That was a stark contrast to the call received last week by English’s counterpart in Australia, Malcolm Turnbull, in which Trump said it was the “worst” phone call he’d had with a foreign leader, and hung up 25 minutes into the scheduled one hour conversation.

Councils will be made to earmark land for tens of thousands of new homes in the latest effort to fix Britain’s “broken” housing market. Binary definition music Two fifths of local authorities in England have failed to plan for enough new homes, ministers will say today as they take on councillors, countryside campaigners and big housebuilders. The binary box – The Times

A measure of France’s country risk widened noticeably after French far-right presidential hopeful Marine Le Pen laid out her plans for a referendum on EU membership at the weekend, although some analysts sounded a confident note that scenario could be avoided.

Housebuilders Taylor Wimpey and Barratt Developments fell on Monday on the promise of affordable rent measures by the government, building on brownfield land and planning permission timetables, among others measures to be laid out in a white paper.

Embattled automaker Volkswagen is the subject of criminal proceedings launched in Luxembourg, more than a year after its diesel emission scandal broke, a report says.

European stocks were mixed on Monday, as investors sifted through corporate earnings amid upwards pressure on most euro area government bond yields after French far-right candidate Marine Le Pen laid out her plans for a referendum on EU membership.

Sterling turned in a broadly positive performance on Monday against most key crosses with it and the US dollar gaining versus the euro after dovish comments by ECB President Mario Draghi.

The FTSE 100 finished in the red on Monday as a slump in housebuilder shares offset a rally in mining stocks and as investors exercised caution ahead of the upcoming French elections and towards the new administration in Washington .

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