Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
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 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
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 down 0.6 percent y/y in December.
- Japan: Markit services PMI declined to 51.1 in December.
- Australia: November trade balance came at -$628 million.
Upcoming:
- Germany: Retail sales report will be released at 7:00 GMT.
- France: Consumer confidence report will be released at 7:45 GMT, along with flash consumer inflation report.
- Switzerland: November Forex reserve details will be published at 8:00 GMT.
- Italy: Retail sales report for November will be published at 9:00 GMT.
- Eurozone: December flash CPI report will be published at 10:00 GMT, along with November PPI inflation.
- United States: Unemployment report for December will be released at 13:30 GMT, along with trade balance report for November and followed by factory orders and ISM-non-manufacturing report at 15:00 GMT. FOMC member Harker is scheduled to speak at 15:15 GMT, and Mester at 17:30 GMT.
- Canada: Trade balance and unemployment report will be published at 13:30 GMT followed by IVEY PMI report at 15:00 GMT.
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