Japan Considers Extra Budget Aid Amid Rising Fuel and Utility Costs 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Dollar Gains as Fed Rate Hike Bets Rise Ahead of Trump-Xi Summit 
Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- United Kingdom: BRC shop price index declined 1.7 percent y/y in January.
- Japan: Nikkei manufacturing PMI declined marginally to 52.7 in January.
- China: NBS manufacturing PMI marginally declined to 51.3 in January and non-manufacturing came at 54.6
Upcoming:
- United Kingdom: Nationwide housing prices for January will be reported at 7:00 GMT.
- Japan: BoJ governor Kuroda is scheduled to speak at 7:15 GMT.
- Spain: Markit manufacturing PMI will be reported at 8:15 GMT.
- Switzerland: SVME PMI report will be published at 8:30 GMT.
- Italy: Markit manufacturing PMI report for January will be published at 8:45 GMT.
- France: Markit manufacturing PMI report will be published at 8:50 GMT.
- Germany: Markit manufacturing PMI report will be published at 8:50 GMT.
- Eurozone: ECB will hold its non-monetary policy meeting today. Markit manufacturing PMI report for January will be published at 9:00 GMT. European commission released economic growth forecast report at 10:00 GMT.
- United Kingdom: Markit manufacturing PMI report will be published at 9:30 GMT.
- United States: MBA mortgage applications number will be reported at 12:00 GMT. ADP employment report will be published at 13:15 GMT, followed by Markit manufacturing PMI at 14:45 GMT and ISM manufacturing PMI at 15:00 GMT. EIA will release crude oil inventory report at 15:30 GMT. FOMC will announce interest rate decision at 19:00 GMT.
