PBOC has cut the RRR for domestic banks by 50bps, the level for big banks now stands at 12.5%; this was the 8th cut since early 2018. (Newswires) 

US President Trump says the US-China trade deal will be signed on January 15th at the White House with high level Chinese Representatives, additionally President Trump will at a later date visit Beijing for the Phase Two talks. Note, China is yet to confirm the signing will take place on January 15th at the White House and today’s Mofcom press conference has been suspended; although the Ministry of Foreign Affairs will hold their regular briefing (Newswires)

US President Donald Trump may use a trip to China to try to nudge Beijing into committing to changes in its economic model, according to observers. (SCMP)

China Caixin Manufacturing PMI 51.5 vs. Exp. 51.6 (Prev. 51.8)

PBoC sets today’s Yuan Reference rate at 6.9614 (Prev. 6.9762)

PBoC skipped reverse repos for the 8th consecutive session, leading to a net drain of CNY 400bln

China has reportedly suspended planned cross-border listings between Shanghai and London amid current political tensions. (Newswires)

2020 has begun in Hong Kong with further protests with tear gas being released in certain areas. (Newsires)

North Korean Leader Kim Jong Un has stated that North Korea is no longer bound by previous agreements to halt missile tests, due to recent US actions alongside their co-operation with South Korea; adding that a ‘new strategic weapon’ would be unveiled soon. (Newswires/KCNA)

UK Labour MP Keir Starmer has opened up a solid lead over his rivals in the race to succeed Jeremy Corbyn, according to the first poll of Labour members seen by Sky News. (Sky News)

Iraqi paramilitary groups who have been protesting against US air strikes in Iraq have called on supporters to withdraw from the perimeter of the US’ embassy in Baghdad. However, it is yet to be confirmed if crowds have begun dispersing. (Newswires)

French CGT union has called on additional strikes across the nation this month amid protests against President Macron’s pledges to push through an overhaul of the pension system. (Newswires)

Austrian’s Conservative Leader Kurz has announced a deal with the Green party to form a Government. Note, full details of the coalition and their relevant plans are to be released on Thursday. (Newswires/Independent)