|Tuesday, January 31, 2017|
SPX Down, Dollar Down, Crude Down
Regional equities in China, Hong Kong, Taiwan, South Korea and Singapore are all closed on the continuation of the Lunar New Year Holiday. Over in Japan, the Nikkei -65bps after the BOJ kept policy unchanged as expected, while the BOJ did say, “risks to both economic activity and prices are skewed to the downside”. Over in Europe, DAX -16bps and UK100 +31bps signaling a mixed outlook following higher than expected inflation data. EUR/USD advanced +68bps on the EU inflation data, while the Dollar declined -40bps into the 99 handle. Global stocks declined prior session as US domestic affairs via the Trump Administration in accordance to immigration ban sparked uncertainty in risk assets. Overnight, more uncertainty gained with Trump’s firing of the U.S. acting attorney general .