REAL ESTATE: Equinix (EQIX: Baa2/BBB/BBB+): Headlines - Shares Down Slightly

• CHINA JAN-DEC NEW LOANS CNY18.09 TRLN VS MEDIAN CNY17.85 TRLN
• CHINA END-DEC M2 +7.3% Y/Y VS MEDIAN +7.3%; END-NOV +7.1% Y/Y
• CHINA END-DEC M1 -1.4% Y/Y VS -3.7% Y/Y END-NOV
• CHINA END-DEC M0 +13.0% Y/Y VS +12.7% Y/Y END-NOV
• CHINA JAN-DEC TSF CNY32.26 TRLN VS MEDIAN CNY31.56 TRLN

• A steadier overnight session for Bund, traded within a tight 14 ticks range pre Cash open and for now the July high in Yield has held Yesterday.
• There's some early selling interest in Bund and OAT on the cash open, but nothing of real note in terms of sizes have gone through, and the early moves lacked clear traction.
• The US Tnotes saw similar push backs Yesterday off the 4.80% Yield level.
• For the German 10yr, support will still be eyed around 130.50, and resistance at 131.37 initially.
• There's no Tier 1 Data out of Europe, Italian IP is unlikely to be a market mover, focus will be on the US PPI this afternoon, ahead of the more important CPI Tomorrow.
• SUPPLY: Netherlands €2bn 30yr (would equate to 13.2k Buxl) should have limited impact, UK £1bn 30yr Linker (won't impact Gilt), {ge} German €5bn Bobl (equates to 47.3k Bobl) will weigh.
• SYNDICATION: Greece and the EU (see the MNI Supply post).
• SPEAKERS: ECB Lane, Holzmann, BoE Breeden, Fed Schmidt, Williams.

• RES 4: 164.90 THigh Dec 30 and a key short-term resistance 
• RES 3: 164.55 High Jan 7   
• RES 2: 163.43 High Jan 9 
• RES 1: 162.43 20-day EMA
• PRICE: 161.44 @ 07:10 GMT Jan 14 
• SUP 1: 160.04 Low Jan 13    
• SUP 2: 160.54 50.0% retracement of the Dec 3 - 30 bull cycle   
• SUP 3: 159.51 61.8% retracement of the Dec 3 - 30 bull cycle
• SUP 4: 158.67 Low Dec 11

The recent move down in EURJPY appears corrective, however the cross did once again, initially trade lower Monday, and this has resulted in a breach of support at 160.91, the Jan 2 low. The next support to watch is 159.51, 61.8% of the Dec 3 - 30 bull cycle. For bulls, a reversal higher would signal the end of the corrective cycle and refocus attention on 164.90, the Dec 30 high. First resistance is at 162.43, the 20-day EMA.