South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
RBA Holds Rates but Warns of Rising Inflation Pressures 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Sizable numbers of economic data and events scheduled for this week but all with low to medium risks associated.
Data released so far:
- United Kingdom: BRC shop price index rose by 1 percent in December.
- Australia: Retail sales rose by 0.2 percent in November.
- China: Consumer price index rose by 2.1 percent y/y in December and producer price index rose by 5.5 percent y/y.
- Japan: Consumer confidence improved to 43.1 in December.
Upcoming:
- France: Industrial output data for November will be published at 7:45 GMT.
- United States: NFIB business optimism index for December will be announced at 11:00 GMT, followed by Redbook index at 13:55 GMT, and JOLTS jobs report at 15:00 GMT along with TIPP economic optimism.
- Canada: Housing starts figure will be released at 13:15 GMT, followed by building permits data at 13:30 GMT.
- Auctions: US will auction 1-month bills at 16:30 GMT and 3-year notes at 18:00 GMT.
