US-China Trade Talks Begin in South Korea Ahead of Trump-Xi Beijing Summit 
Dollar Gains as Fed Rate Hike Bets Rise Ahead of Trump-Xi Summit 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
Oil Prices Slip as Strait of Hormuz Disruptions and U.S. Inventory Data Keep Markets on Edge 
Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations 
U.S. Urges China to Help Curb Iran’s Actions in Gulf, Rubio Says 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Gold Prices Steady Ahead of Trump-Xi Meeting as Inflation and Oil Concerns Persist 
Not many economic data and events scheduled for today and all with low to medium risks associated.
Data released so far:
- China: Exports declined by 6.1 percent y/y in December. Imports up by 3.1 percent y/y. Trade balance came at $40.818 billion.
Upcoming:
- Germany: Wholesale price inflation for December will be reported at 7:00 GMT.
- Spain: Consumer inflation number will be released at 8:00 GMT.
- United States: Retail sales report for December will be published at 13:30 GMT, along with producer price inflation and followed by Michigan consumer sentiment report at 15:00 GMT. FOMC member Harker is scheduled to speak at 14:30 GMT.
