Volatility likely to persist - UOB
Analysts at UOB Group noted that volatility in the financial markets is likely to persist.
Key Quotes:
"In early trade, Dow Jones futures are trading about 200 pts lower while the USD continues to gain against most G-10 currencies. Meanwhile, talks between German Chancellor Merkel and the Social Democrats to form a coalition government goes into overtime, breaching a Sunday deadline as negotiators seek to clear final hurdles on labor and healthcare, according to Bloomberg reports."
"US domestic politics will be on the forefront this week as the latest short-term US government funding bill expires on Thursday (8 Feb, midnight US time) and the risk of another partial US government shutdown after 8 February remains significant (we assign a 40% probability) It will be a data intensive week for Asia-Pacific with Chinese data dominating the headline."