Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- United Kingdom: BRC shop price index is down 1 percent y/y in February.
- Australia: Fourth-quarter GDP rose by 1.1 percent in the fourth quarter, up 2.4 percent from a year ago.
- Japan: Nikkei manufacturing PMI came at 53.3 in February.
- China: NBS manufacturing PMI came at 51.6 in February and non-manufacturing PMI came at 54.2. Caixin manufacturing PMI came at 51.7 in February.
Upcoming:
- United Kingdom: Nationwide house prices for February will be released at 7:00 GMT.
- Switzerland: UBS consumption indicator for January will be released at 7:00 GMT. SVME PMI report will be released at 8:30 GMT.
- Spain: Markit manufacturing PMI for February will be reported at 8:15 GMT.
- Italy: Markit manufacturing PMI for February will be reported at 8:45 GMT. Wage inflation will be reported at 10:00 GMT.
- France: Markit manufacturing PMI for February will be reported at 8:50 GMT.
- Germany: Markit manufacturing PMI for February will be reported at 8:55 GMT.
- Greece: Markit manufacturing PMI for February will be reported at 9:00 GMT.
- Eurozone: Markit manufacturing PMI for February will be reported at 9:00 GMT.
- United Kingdom: Markit manufacturing PMI for February will be reported at 9:30 GMT, along with mortgage approvals, money supply, and consumer credit report.
- Portugal: Fourth quarter GDP numbers and unemployment report will be released at 11:00 GMT.
- United States: MBA mortgage applications will be reported at 12:00 GMT, followed by personal income and spending data at 13:30 GMT. ISM manufacturing report will be released at 15:00 GMT. EIA will release crude oil inventory report at 15:30 GMT. FOMC member Kaplan will speak at 17:00 GMT and Brainard at 22:00 GMT. Fed will release Beige book at 19:00 GMT.
- Canada: BoC will announce interest rate decision at 15:00 GMT.
