UPCOMING EVENTS:Monday: PBoC LPR, New Zealand Services PMI.Tuesday: BoJ Policy Decision, New Zealand CPI.Wednesday: Australia/Japan/Eurozone/UK/US Flash PMIs, BoC Policy Decision.Thursday: ECB Policy Decision, US Durable Goods Orders, US Jobless Claims, US Q4 Advance GDP.Friday: Tokyo CPI, US PCE.MondayThe PBoC is expected to keep the LPR rates unchanged at 3.45% for the 1-year and 4.20% for the 5-year following the MLF decision last week. Deflationary forces remain present, and the Chinese stock market is on a free fall with the general sentiment being utterly dismal. It will likely require a strong catalyst to turn things around and aggressive rate cuts might
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