Epstein Secrets

ointing to disappointment over the lack of a high-level agreement on TPP at the Obama/Abe press conference as well as de-risking ahead of tomorrow's Tokyo CPI numbers as reasons for the weakness. Australia and New Zealand were modestly firmer ahead of tomorrow's closure for ANZAC Day. The RBNZ raised

says they are unaware of any potential bid. Other than that it is the heaviest earnings day of the season so far and highlights are recapped below. Mario Draghi began speaking in Amsterdam about 45 min ago at the Dutch central bank conference and said that a worsening of the medium-term inflation outlook wou

s the biggest reporting day for the Nikkei 225, with 55 companies reporting results. There were some big moves in both directions with KDDI (+6.9%), Tokyo Electron (+3.7%) and Sumitomo Electric (+8.3%) on the winning side and Denso (-4.3%), Fuji Heavy (-6.9%) and Softbank (-0.95%) on the losing end. S

ecovery (-1.5% m/m vs est +0.2%) • Eurozone June unemployment rate is 12.1%, July consumer prices +1.6% y/y inline with estimates • ECB President Mario Draghi favors releasing miutes from the ECB meetings says Sueddeutsche (MNI) • Nintendo profit beats estimates helped by weaker JPY (70% revenues from ove

n. NKY225 opened stronger and closed on its highs +2.88% as JPY weakened to a 2.5yr low vs USD (90.85). Japan's Dec CPI released before the open in Tokyo showed the 7th decline in 8 months (core CPI -0.2% y/y vs est -0.2%) and boosted speculation that the BOJ will need to re-think the timing of the ne

4.2 vs 103.0). Holding those gains now (even after a weaker UK Q4 GDP #) and rallying further near highs of session into the LTRO put-back results. Mario Draghi spoke a little over an hour ago in Davos and reiterated that economic activity is stabilizing at very low levels and he sees a recovery in H2 2013.