- Tianjin reports biggest daily rise of latest COVID-19 outbreak
- Beijing not ruling out omicron arrival could have come from foreign mail/packaging
- China president Xi says fully confident in country's economic development
- UK reportedly could review COVID measures some time this week or early next week
- More virus restrictions set to come in Japan
- SNB total sight deposits w.e. 14 January CHF 724.5 bn vs CHF 724.6 bn prior
- Dollar sluggish, risk tones hold up to start the week
- CAD leads, JPY lags on the day
- European equities higher
- Gold up 0.1% to $1,819.50
- WTI down 0.2% to $83.69
- Bitcoin down 1.6% to $42,608
With a US holiday today, markets are left without much to work with to kick start the new week.
European equities tracked higher as the risk mood holds up, with major indices posting decent gains. In FX, the dollar was sluggish early on but is now trading more mixed but overall changes are light for the most part amid some pushing and pulling.
EUR/USD traded up from 1.1415 to 1.1435 only to fall back to 1.1410 currently. Meanwhile, GBP/USD moved up to a high of 1.3690 but is now dragged back to be down 0.2% to 1.3645 on the day.
Commodity currencies kept their slight advance though. USD/CAD fell from 1.2540 to 1.2500 but is now trading back around 1.2520-30 while AUD/USD is keeping a light gain around 0.7210-20 on the session.
There isn't quite a clear theme and with US markets closed, we might have to wait until tomorrow for a better sense of how things will play out this week.