THAILAND: Bourse Suspends Stock Trading Amid Earthquake

• MNI: FRANCE FEB CONSUMER SENTIMENT 93

• The Dollar traded in the green against all G10s overnight, the Yen was the worst performer, was down 0.34%, after US 10yr Yield bounced off a 2.5 Months low.
• Still looking at the shorter last 5 days picture, the Dollar is broadly in the red, the Yen is still up 1.37% for that period, while the CAD is down 0.61% as Tariffs risk weighs.
• Since the European Cash Govie open, the Yen is still down a small 0.22%, and looking at the most traded pair in the World, the EURUSD sticks around the 1.0500 handle.
• The DTCC Option Data has seen some chunky Option expiry of late, also via exchanged traded CME Options, seems that upside has been favoured of late, with some put seller, and small outright call buyers in EURUSD.
• Any upside continuation in the spot would eye a test to 1.0533, the January 2025 high and a reversal trigger, so far only managed a 1.0528 high this Month.
• In Asia, the Yuan saw a little blip higher, on report that China look to start re-capitalizing some of its biggest Banks, but nothing too new there.

Norwegian general public credit growth rose a tenth to 3.6% Y/Y in January. While on a gradually increasing trend, high policy rates have restricted lending and by extension mainland economic growth. Norges Bank are widely expected to deliver its first rate cut of the cycle in March.

• Households, who account for 60% of total general public debt, saw credit growth rise 3.9% Y/Y (vs 3.8% prior). Statistics Norway note that easier housing regulations (equity requirement lowered to 10% from 15%) is one factor driving household lending growth.
• Lending to non-financial corporations rose 1.9% Y/Y, up from 1.4% in December but still below November’s 2.0%. The 2024 average was 2.2% Y/Y.