TUESDAY, JAN 13, 2026 – 01:32 AM
- Trump admin nears a deal with Taiwan; trade deal would cut tariffs and include a commitment from TSMC (TSM) to build more manufacturing plants in the US.
- USD/JPY initially saw weakness following comments by Japan’s FinMin Katayama stating that US Treasury Secretary Bessent shares the concerns over the weak JPY; PM Takaichi confirmed her intent to hold snap elections, Kyodo reports.
- US President Trump has been briefed on a range of military and covert options against Iran, according to CBS News; however, no final decision has been made, and diplomatic channels remain open.
- European equity futures are indicative of a positive open with the Euro Stoxx 50 future +0.2% after cash closed +0.3% on Monday.
- Looking ahead, highlights include US NFIB (Dec), US CPI (Dec), Average Weekly Prelim Estimate ADP, EIA STEO, Speakers include BoE’s Bailey, Fed’s Barkin and Musalem. Supply from the UK, Italy, Germany, US. Earnings from JPMorgan, Delta Air, Bank of New York Mellon.
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