Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations 
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
US-China Trade Talks Begin in South Korea Ahead of Trump-Xi Beijing Summit 
Asian Currencies Steady as Trump-Xi Summit, Inflation Concerns Boost Dollar 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- New Zealand: ANZ commodity price index rose 2 percent in February.
- Japan: Markit services PMI marginally declined to 51.3 in February.
- China: Caixin services PMI for February marginally declines to 52.6
Upcoming:
- Japan: Consumer confidence index will be updated at 5:00 GMT.
- Germany: Retail sales details for January will be reported at 7:00 GMT, followed by the release of Markit services PMI report at 8:55 GMT.
- Spain: Markit services PMI report will be updated at 8:00 GMT, followed by the updating of house price index at 9:00 GMT.
- Italy: Markit services PMI report will be released at 8:45 GMT, followed by fourth quarter GDP at 9:00 GMT.
- France: Markit services PMI report will be published at 8:50 GMT
- Eurozone: Markit services PMI will be released at 9:00 GMT and retail sales report at 10:00 GMT.
- United Kingdom: Markit services PMI for February will be reported at 9:30 GMT.
- United States: Markit services PMI report will be released at 14:45 GMT, followed by ISM-non-manufacturing PMI at 15:00 GMT. Many FOMC speakers are scheduled today; Evans and Lacker at 15:15 GMT, Powell at 17:15 GMT, Fischer and Yellen at 18:00 GMT.
