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ForexLive Asia-Pacific FX news wrap: Hong Kong shares rise | Forexlive

There were further reopening moves announced in Hong Kong today:

There is also some chatter that the Hong Kong/mainland China border could reopen in early January.

HK’s Hang Seng index rose on the day, its up circa 0.75% as I update. The Shanghai Composite is a touch higher, as is Japan’s Nikkei. All took a lead from a bid on Wall Street on Monday.

Across major forex rates ranges were on the narrow side as traders await the US CPI data due at 1330 GMT today. There are previews and scenarios for the S&P500 from JP Morgan and Goldman Sachs in the points above.

FTX founder Sam Bankman-Fried will appear in a Bahamas court on Tuesday after he was arrested. He faces extradition to the US to face criminal charges surrounding the looting and collapse of FTX and separate charges that’ll be brought by the US Securities and Exchange Commission (SEC). SBF was expected to appear before a US Congressional committee on Tuesday but given he in custody he will not be. There’s a post in the points above on what he was expected to say.

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Coming up during US time is the inflation report for November:

  • This snapshot from the ForexLive economic data calendar, access it here.
  • The times in the left-most column are GMT.
  • The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.