ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Current account balance improves to -$3.9 billion in the fourth quarter. Private sector credit grew 0.2 percent in January, up 5.4 percent from a year ago.
- New Zealand: ANZ business confidence declines to 16.6 in February, down from 21.7 in January. ANZ activity outlook marginally declines to 37.2 percent from 39.6 percent in January.
- Japan: Vehicle production is up 3.8 percent y/y in January.
Upcoming:
- Japan: Housing starts figure will be released at 5:00 GMT.
- France: First quarter GDP report will be released at 6:30 GMT. Consumer price inflation and producer price inflation numbers will be released at 7:45 GMT.
- Germany: Retail sales report for January will be published at 7:00 GMT.
- Switzerland: KOF leading indicator will be published at 8:00 GMT.
- Italy: Consumer price inflation numbers for February will be released at 9:00 GMT, along with wage inflation numbers.
- Spain: December current account balance data will be announced at 9:00 GMT.
- Greece: Retail sales report for December will be released at 9:00 GMT.
- United States: PCE price index and GDP product price index data will be announced at 13:30 GMT. S&P case Shiller home prices report for December will be announced at 14:00 GMT. Chicago PMI report will be released at 14:45 GMT, followed by consumer confidence at 15:00 GMT, along with Richmond Fed manufacturing index. FOMC member Williams is scheduled to speak at 20:30 GMT and Bullard at 23:50 GMT.
- New Zealand: Terms of trade report for fourth quarter will be published at 21:45 GMT.
- Australia: AiG performance of manufacturing index for February will be released at 22:30 GMT.
