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It may already be Tuesday in Asia but it’s still Presidents Day in the US and, ironically, there hasn’t been much in the way of POTUS-related controversy during said federal holiday.
Of course, all the other controversies that have been stirred up over the past month are still simmering. Yet beyond the naming of HR McMaster as national security adviser to replace Michael Flynn, nary a kerfuffle has emanated from the halls of Mar-a-Lago, President Donald Trump’s now regular weekend getaway from Washington.
There’s still six hours left of Monday on the east coast, of course, so don’t get too comfortable.
In Asian equities, futures tip Sydney’s S&P/ASX 200 as well as Tokyo’s Topix index to open flat, while Hong Kong’s Hang Seng index is expected to open 0.1 per cent lower.
Corporate earnings reports out today include HSBC Holdings, BHP Billiton, Hang Seng Bank, NWS and Caltex Australia.
The economic calendar is by comparison light (all times Hong Kong):
- 08.30: Japan Nikkei manufacturing PMI
- 08.30: Reserve Bank of Australia February meeting minutes
- 16.30: Hong Kong composite consumer price inflation