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For those in Asia just waking up, yes. He did give a press conference.
President Donald Trump spoke at length about Michael Flynn, Russia, “fake news”, his controversial travel ban on citizens from seven Muslim-majority nations and more at a press conference that may or may not have clarified anything about said topics.
(The truly brave can read a full transcript here.)
In the context of the markets, Mr Trump’s expansive comments came in the middle of a day in which US and European stock markets paused their ascent, while the dollar sank and Treasury bonds rallied as the post-US election “reflation trade” struggled to maintain momentum.
Futures tip Australia’s S&P/ASX 200 to open flat, along with Hong Kong’s Hang Seng index, while in Tokyo the Topix index is set to open down 0.7 per cent.
Corporate earnings reports out today include Sands China, Bridgestone, Guotai Junan International, Bank of East Asia, ASX, Santos and CITIC Resources.
The economic calendar on Friday is just trying to reach the weekend (all times Hong Kong):
- 08.00: Singapore Q4 GDP
- 15.30: Thailand foreign reserves
- Hong Kong’s composite interest rate for January is also expected today.
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