China Services PMI Hits Three-Month High as New Orders and Hiring Improve 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Lots of economic dockets and events scheduled for today and some with very high volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectations rose to 3.4 percent in December. Unemployment rate ticked up to 5.7 percent in November. Fulltime employment rose by 39,300, while part time employment declined by 200.
- Japan: Nikkei manufacturing PMI in December came at 51.9.
- China: Foreign Direct Investment (FDI) rose by 3.9 percent y/y in China.
Upcoming:
- France: Markit flash manufacturing and services PMI will be released at 8:00 GMT.
- Germany: Markit flash manufacturing and services PMI will be reported at 8:30 GMT.
- Switzerland: SNB will announce interest rate decision at 8:30 GMT.
- Eurozone: Flash manufacturing and services PMI will be reported at 9:00 GMT.
- United Kingdom: Retail sales report for November will be released at 9:30 GMT. BoE will announce interest rate decision at 12:00 GMT.
- Greece: Third quarter unemployment report will be released at 10:00 GMT.
- United States: New York empire state manufacturing index for December will be released at 13:30 GMT, along with weekly jobless claims, consumer price inflation numbers, and Philadelphia Fed manufacturing survey for December. Markit manufacturing PMI will be reported at 14:45 GMT. NAHB housing market index for December will be reported at 15:00 GMT. EIA will release weekly natural gas inventory report will be released at 15:30 GMT.
- New Zealand: Current account details for third quarter will be released at 21:45 GMT.
