| The Morning Call|

03-Jan-13 – Cliff-hanger, the sequel

2 January 2013 22:00 GMT Callum Henderson , David Mann , Devesh Divya , Edward Lee Wee Kok , Jeff Ng

  • Top 3 data/events • Japan – Domestic investors likely stepped up foreign bond purchases • Philippines – CPI inflation momentum probably accelerated • Singapore – PMI likely to reflect subdued sentiment • Market focus • The US avoided the fiscal cliff for now, putting off spending cuts for two months • This may result in February’s debt-ceiling talks becoming an even bigger drama • G10 FX: Stay Underweight EUR, CHF and JPY vs. Overweight AUD, NZD and CAD
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