South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Global financial market is reversing its recent decline in the wake of possibility that European Central Bank (ECB) might add more stimulus in the market within two months.
ECB president Mario Draghi, again dropped strong hint over further stimulus, saying that in its March meeting ECB will review current policy and possibly reconsider it in March.
Global markets, especially stock bulls are saying 'Thank you, Mr. Draghi, that's what we needed to break the bears.'
- Indian benchmark stock index, nifty is up 1.8%, China' Shanghai composite is up 1.4%, Japan's Nikkei is best performer among Asian peers, cash market is up 5.9%, while CFD is up 2.5%.
- US benchmark S&P 500 is pointing to close to 1% gain.
- Oil price is rallying up sharply. WTI is up 5% today and trading close to $31/barrel. Brent is up slightly more than 4%, trading at $30.9/barrel.
- Yen has been the losing one, up more than 200 pips from its low around 116.
ECB's comments, improved the mood of the market as it heads into FED reserve meeting next week. With focus now shifted to central bank policies again, market might go into a pause and consolidate.
