Daily Market Insight

• US labor market sizzles with blowout job growth, solid wage gains • US factory orders rise moderately in December • Japan's January service activity surges on strong demand, weak yen • Dollar jumps, traders pare rate cut bets after strong jobs report

• Strong US worker productivity keeps labor costs in check in fourth quarter • US job cuts more than double in January • Euro zone inflation dips but core figures may disappoint • Dollar falls, traders price for rate cut by May

• Fed leaves rates unchanged, but signals no rush to cut amid 'elevated' inflation • Japan Jan factory activity shrinks modestly on softer demand • Chinese manufacturing activity rises as expected in Jan • Dollar rebounds as Fed's Powell sees March rate cut as unlikely

• Euro zone economy lags global growth as Germany struggles • Japan Dec factory output rises on production machinery • BOJ made hawkish tilt in January, debated stimulus exit scenarios • Dollar mixed in tight trading range before Fed statement

• US Congress negotiators reach deal on 12 gov't spending bills • UK shop prices rise at slowest pace since May 2022 • China's January factory activity likely contracted but less sharply • Dollar gains on euro before Fed meeting

• US prices rise moderately in December; inflation trending lower • Euro zone inflation falling quicker than thought, data show • China's industrial profits fell 2.3% in 2023 • US dollar slips after inflation data, Fed meeting looms next week

• US economy grew by 3.3% in fourth quarter • German economy limps into 2024 as business sentiment falls • Tokyo CPI inflation falls more than expected to 22-month low in January • US dollar gains after GDP data; euro falls to six-week low after dovish ECB, Lagarde

• US business activity picks up in January; inflation cooling • Euro zone business activity contracts again in January • German business activity deteriorates in Jan • US dollar falls ahead of GDP, inflation data; Fed in focus

• Unemployment rises in nearly a third of US states in December • Japan Jan factory activity languishes, but service sector picks up • Thailand lowers 2024 GDP growth projection to 2.8% • US dollar hits six-week high; yen falls in wake of BOJ decision

• Economists increasingly sure US will avoid recession • Japan shares hit 34-yr highs, yen steady ahead of BOJ decision • China keeps benchmark lending rates steady amid pressure on yuan • US dollar flat as Japan, European policy meetings loom