The Traderszone Network

A good day at the office for Chinese equities
– SCI closed up 2.3% at 2749.57
– CS1300 +2.1% AT 2961.33
European equity futures not so impressed at the moment

So says China’s Sate Administration for Foreign Exchange (SAFE)
– China will face outflow pressure in 2016
– guarding against cross-border flow is among regulator’s main tasks this year
The fine line between opening up markets and controlling them continues to trouble the Chinese.

Expectations that more fresh supplies will hit the market and lingering effects from data showing manufacturing activity in China remained weak weigh on oil prices.

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Here’s the data calendar for today 2 Feb
A few highlights with UK construction PMI and German unemployment the pick of the morning session with a bit of SNB’s Jordan to throw into the mix.

Here’s what the DTCC have listed for today
– USDJPY:
119.00 (400m) 120.50 (232m)
Y121.75 (200m) Y122.00 (650m)
– EURUSD 1.0845-50 (EUR
303m) 1.0930 (149m) 1.1000 (226m)

China’s policymakers still have ammunition to counter a slowing economy, including supply-side reforms and subsidized housing, HSBC said.

Swiss investment bank UBS reported net profit for 2015 ahead of analyst expectations, but warned of continued headwinds.