Stock Market Movers: Dell, Block, Duolingo, Zscaler, CoreWeave, Autodesk, Rocket, MARA 
Asian Markets Slide as Nvidia Earnings, U.S.-Iran Tensions and AI Valuations Weigh on Investor Sentiment 
Australian Job Advertisements Hit 16-Month High as Labour Market Stays Resilient 
Germany and China Reaffirm Open Trade and Strategic Partnership in Landmark Beijing Visit 
Ecuador Raises Tariffs on Colombian Imports to 50% Amid Border Security Dispute 
Bank of Korea Holds Interest Rate at 2.50% as Growth Outlook Improves Amid AI Chip Boom 
Gold Prices Steady in Asia, Set for Strong February Gains on Safe-Haven Demand 
PBOC Scraps FX Risk Reserves to Curb Rapid Yuan Appreciation 
Venezuela Oil Exports to Reach $2 Billion Under U.S.-Led Supply Agreement 
Strait of Hormuz Oil and LNG Shipments Disrupted After U.S.-Israel Strikes on Iran 
Strait of Hormuz LNG Crisis Triggers Global Energy Market Shock 
IMF Urges U.S. to Cut Fiscal Deficit to Reduce Trade and Current Account Gaps 
U.S. Stocks Close Lower as Hot PPI Data, Nvidia Slide Weigh on Wall Street 
Gold Prices Rally in February as Geopolitical Risks and Economic Uncertainty Boost Safe-Haven Demand 
MOEX Russia Index Hits 3-Month High as Energy Stocks Lead Gains 
Australian Dollar Rallies on Hawkish RBA Outlook; Yen Slips as BOJ Faces Political Pressure 
The UK. Consumer Price Index (CPI) data is set to be released today, and it’s an important indicator for understanding inflation trends and potential changes in the BOE monetary policy.
- Headline CPI: Expected to rise to 2.3% YoY, up from 1.7% in September. This increase would bring inflation back above the Bank of England's (BoE) target of 2.0%.
- Core CPI: Forecasted to ease slightly to 3.1% YoY, compared to 3.2% reported in September.
- Monthly Change: A monthly increase of 0.5% is anticipated, reflecting ongoing inflationary pressures.
The increase in headline inflation is mainly due to base effects and higher utility prices. This could mean that the Bank of England might pause its plans to cut interest rates in December. As a result, we might see more ups and downs in the value of the Pound Sterling as traders respond to this information.
