Japanese Tertiary Industry Index MoM (Dec) M/M -0.5% vs. Exp. -0.2% (Prev. -0.2%)
The Japanese Tertiary Industry Index showing a monthly decline of 0.5%, worse than the expected drop of 0.2%, suggests softening in the services sector.
UK government quietly shelved a programme to build a frictionless post-Brexit trade border, after spending GBP 110mln on a contract with Deloitte and IBM for the project, according to FT
EU officials held a constructive meeting to strengthen the international role of the euro on Monday, according to EU's Dombrovskis
Japanese Tertiary Industry Index MoM (Dec) M/M -0.5% vs. Exp. -0.2% (Prev. -0.2%)
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Japan sells JPY 1.9tln 5yr JGBs; b/c 3.10x (prev. 3.08x), average yield 1.640% (prev. 1.639%)
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This miss may impact sentiment on Japan's economic recovery and could have implications for monetary policy, especially if it signals a downward trend in growth that prompts further stimulus considerations.
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