US Trade Court Blocks Trump’s 10% Global Tariffs 
Wall Street Futures Edge Higher as Iran Tensions and AI Optimism Shape Markets 
Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending 
Oil Prices Surge as U.S.-Iran Conflict Threatens Strait of Hormuz Supply Route 
European Stocks Edge Higher as Iran-U.S. Peace Talks Boost Market Sentiment 
US-Iran Ceasefire Under Pressure as Fresh Strait of Hormuz Clashes Shake Oil Markets 
Australia Posts Surprise Trade Deficit as Imports Surge on AI Equipment Demand 
European Stocks Rally as Trump Halts Hormuz Operation, Oil Prices Slide 
Dollar Weakens as Iran Peace Hopes Boost Risk Appetite and Yen Gains Strength 
Italy Services PMI Nears Stabilization as Middle East Tensions Push Costs Higher 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Private sector credit grew 0.7 percent in December, up 5.6 percent from a year ago.
- Japan: BoJ kept monetary policy unchanged with interest rate at -0.1 percent. Vehicle production rose 4.2 percent y/y. Construction orders rose 7.1 percent y/y. Housing starts rose by 3.9 percent y/y.
Upcoming:
- Japan: Kuroda press conference will begin at 6:30 GMT.
- France: Fourth quarter flash GDP number will be released at 6:30 GMT. Flash consumer price inflation numbers for January and producer price inflation numbers for December will be published at 7:45 GMT.
- Germany: Retail sales numbers for December will be published at 7:00 GMT. Unemployment report for January will be published at 8:55 GMT.
- Spain: Flash HICP inflation numbers will be released at 8:00 GMT. Current account balance for November will be published at 9:00 GMT.
- Italy: Unemployment report for December will be published at 9:00 GMT. Producer price inflation number for December will be published at 10:00 GMT.
- United Kingdom: Consumer credit report, mortgage approvals report and money supply statistics, all will be published for the month of December at 9:30 GMT.
- Eurozone: Fourth quarter flash GDP number will be published at 10:00 GMT., along with unemployment rate for January and consumer price inflation for January.
- Germany: Flash CPI and HICP for January will be released at 13:00 GMT.
- United States: Employment cost index for fourth quarter will be published at 13:30 GMT, followed by S&P Case/Shiller home price report at 14:00 GMT, Chicago PMI at 14:45 GMT, and consumer confidence at 15:00 GMT.
- Canada: Raw material price, industrial product price, and December GDP, all will be published at 13:30 GMT.
- New Zealand: Fourth quarter unemployment report will be released at 21:45 GMT.
- Australia: AiG manufacturing index will be released at 22:30 GMT.
