Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
Asian equities are mixed
On Friday, Asian stock markets were generally mixed after China posted better-than-anticipated industrial output as well as retail sales, although investment headed south to a fresh minimum.
In August, China’s industrial output tacked on by 6.1% in contrast with the same period of 2017. Retail sales in this Asian country gained 9%, beating market expectations. At the same time, the fixed asset investment surge speeded down to 5.3% for the first eight months this year, which is below Reuter’s estimate of 6%.
The Chinese economy is gradually speeding down. However, it’s still good at this moment. The Chinese authorities aren’t going to have the direction of deleveraging changed. Instead, they intend to change its tempo due to the fact the country’s economy is firm enough.
The Shanghai Composite went down by 0.16% in China, while SZSE Component declined by 0.58%. As for the Hang Seng Index, it managed to add 0.84%.
Having met with French Foreign Minister Jean-Yves Le Drian, Wang Yi, China’s State Councilor told that the world trade system should be reformed.
China backs necessary reforms as well as perfection of the current system. Additionally, Chine expects the WTO to become more effective, fairer, and more rational.
Wang Yi stressed that the purpose of the reform should be to enable countries to enjoy the benefits of globalization more fairly, without extending the differences between the north and the south.
His remarks showed up right after the resumed trade negotiations in Washington to prevent the trade war jitters from escalating, and American leader writing on Tweeter that the US government wasn’t forced to make a deal with the Asian counterpart.
Japan’s Nikkei 225 managed to extend profits gains, leaping by 0.95%. In South Korea, the KOSPI index ascended by 1.26%. The S&P/ASX 200 rallied by 0.7% in Australia.
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The oldest US aluminum company Alcoa will post its earnings report for the fourth quarter of 2019 on January 16 at midnight.
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.