Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
China Services PMI Hits Three-Month High as New Orders and Hiring Improve 
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Lots of economic dockets and events scheduled for today but all with low to medium risks associated.
Data released so far:
Australia: Wage price index grew 0.4 percent in third quarter, up 1.9 percent from a year ago. New motor vehicle sales declined 2.4 percent in October, up 1.2 percent from a year back.
Upcoming:
- United States: Fed’s Bullard is scheduled to speak at 8:00 GMT. MBA mortgage applications will be released at 12:00 GMT. Producer price index for October will be released at 13:30 GMT, followed by Industrial production report at 14:15 GMT. NAHB housing market report will be released at 15:00 GMT. EIA will release its weekly inventory report at 15:30 GMT. FOMC member Harker is scheduled to speak at 22:30 GMT.
- Eurozone: ECB will hold its non-monetary policy meeting today.
- United Kingdom: Unemployment report will be published at 9:30 GMT. CB leading economic index will be released at 14:30 GMT.
- Switzerland: Zew survey report will be published at 10:00 GMT.
- Canada: Manufacturing shipments for September will be released at 13:30 GMT.
- New Zealand: RBNZ financial stability report will be released at 20:00 GMT. Producer price index for the third quarter will be released at 21:45 GMT, along with retail sales at 21:45 GMT.
