USD

* Reports that White House has cancelled meetings with China over IP issues has been denied by Larry Kudlow.

* US press reports that the government shutdown may delay the issuance of tax refunds.

* Senate will vote again on reopening the government – 2 bills, one for Republicans to provide funds for border wall, other to open without funding – both expected to fail.

* US house price index data for Nov due later today.

GBP

* UK Trade Min Fox will use the Davos meeting to discuss replicating EU deals.

* Rees Mogg maintains that the Irish backstop is the only obstacle standing in the way of ERG (Brexiteers) voting for PM May’s deal.

* BoE’s Broadbent speaking later on this morning.

* CBI Industrial Trends Orders for Jan out mid-morning.

EUR

* All eyes on tomorrow’s PMIs and the ECB meeting thereafter – EUR in limbo until then.

* French Jan business confidence index down from 103 to 102 as expected.

* EU’s Moscovici says economic clouds are down to external factors.

AUD & NZD

* NZ CPI came in a touch higher at 1.9% vs 1.8% but is net unchanged from prior reading.

* Westpac-Melbourne Institute leading index down -0.2% in Dec.

CAD

* Nov retail sales due out this afternoon.

* API weekly crude stocks data out this evening.

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