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Super Bowl Sunday may have come and gone in the US but anticipation is only building among investors for the potential windfall of financial deregulation.

In equities, Australia’s S&P/ASX 200 finished the day down 0.1 per cent, Tokyo’s Topix index is up 0.4 per cent and in Hong Kong the Hang Seng index was 0.6 per cent higher in afternoon Asia trading.

The banking segments of those Asian indices were strong, following peers in the US that had been buoyed by expectations of financial deregulation there, rising 0.3 per cent, 1.4 per cent and 0.7 per cent, respectively.

A relatively subdued dollar has dampened volatility in Asian currencies with Japan’s yen 0.2 per cent stronger at ¥112.52 and the Australian dollar shedding 0.3 per cent against the greenback to $0.7664. The pound was trading flat at $1.2489 per dollar while the euro was down 0.1 per cent at $1.0774.

Futures tip the FTSE 100 to open 0.2 per cent lower in London, while the S&P 500 is expected to open flat in New York.

Corporate earnings reports out on Monday include Randgold (07.00) and Ryanair (07.00).

The economic calendar is light (all times London):

  • 07.00: Germany factory orders
  • 07.00: Norway industrial production
  • 09.00: UK car registrations
  • 14.00: Mario Draghi speaks to European Parliament
  • 15.30: Theresa May reports on EU summit in House of Commons
Copyright The Financial Times Limited 2017. All rights reserved.
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