Fitch Upgrades Argentina to B- as Milei Reforms Strengthen Economy 
Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending 
Gold Prices Rise as Weaker Dollar and U.S.-Iran Peace Hopes Boost Demand 
European Stocks Rally as Trump Halts Hormuz Operation, Oil Prices Slide 
Asian Stocks Rally as Japan’s Nikkei Hits Record High on U.S.-Iran Peace Optimism 
Yen Surges After Suspected Japan Currency Intervention 
US-Iran Ceasefire Under Pressure as Fresh Strait of Hormuz Clashes Shake Oil Markets 
Japan’s Yen Intervention and BOJ Rate Hike Bets Support Currency Recovery 
Not many economic dockets and events scheduled for today and but some with high volatility risks associated.
Data released so far:
- Japan: Eco Watchers survey outlook declined to 49.4 in January and current assessment declined to 49.8
Upcoming:
- Spain: Industrial output report for December will be published at 8:00 GMT.
- Portugal: Fourth quarter unemployed report will be released today.
- United States: MBA mortgage application report will be published at 12:00 GMT. EIA will release crude oil inventory report at 15:30 GMT.
- United Kingdom: MPC member Cunliffe is scheduled to speak at 13:00 GMT.
- Canada: Housing starts data for January will be announced at 13:30 GMT.
- New Zealand: RBNZ will announce interest rate decision at 20:00 GMT, followed by a press conference at 21:00 GMT. Building permits numbers for December will be published at 21:45 GMT.
- Japan: Machinery orders report for December will be published at 23:50 GMT.
- Auction: Germany will auction 10-year bond today.
