Daily Market Insight

• U.S. consumer confidence ebbs in January; inflation expectations rise • Euro zone economy unexpectedly grows in Q4 but weak 2023 looms • China manufacturing PMI disappoints in Jan despite COVID reopening • Wage data dents dollar recovery before Fed rate decision

• U.S. pending home sales post first gain in seven months in December • Euro zone economic sentiment rises in January to seven-month high • Chinese business activity rebounds in January after COVID pivot • Oil prices tread water as markets weigh China recovery, Fed caution

• U.S. consumer moods brighten to kick of 2023, inflation views down • Tokyo CPI inflation rises more than expected in January • Canada records C$3.55 billion budget deficit over first eight months of 2022/23 • Dollar's comeback beginning to look 'appealing' as U.S. stocks enter rally mode

• U.S. economy posts strong growth in Q4, but with underlying weakness • Consumer inflation in Japan's capital hits near 42-year high, keeps BOJ under pressure • Philippines 2022 GDP growth quickest in over 4 decades, but outlook challenging • Oil treads water ahead of OPEC+ panel meeting, PCE inflation data

• Key US Inflation Gauge Seen Slowing But Leaving Fed Wanting More • German business morale brightens further in January • New Zealand CPI inflation sticks to 32-year high in Q4, misses RBNZ forecast • Dollar near eight-month low ahead of central bank meetings

• U.S. business activity still soft in early 2023, but outlook perks up • Euro zone business activity back to growth in January • Australia CPI inflation rises more than expected in Q4, more RBA action likely • Oil falls $2/barrel on economic jitters, U.S. crude stock build

• U.S. leading indicators index falls for 10th straight month • Japan’s factory activity extends declines for third straight month • UK consumer mood slides back to near 50-year low • Dollar edges lower vs euro on ECB rate hike bets

• U.S. home sales drop to 12-year low; price growth cools • U.K. retail sales, consumer confidence slump as cost-of-living squeeze tightens • South Korean exports fall 2.7% in Jan 1-20 period • Gold prices eye 9-month high as markets mull over U.S. recession

• U.S. producer prices fall more than expected in December • Japan CPI inflation rises to 41-year high in Dec as expected • Thai Lunar New Year spending seen at 3-yr high as tourism rebounds • U.S. dollar slumps as data continues to show slowdown; yen rises

• U.S. retail sales post biggest drop in a year; inflation retreating • UK inflation edges down to 10.5% in December, food prices surge • Australia jobs take surprise dip in Dec, but unemployment stays low • Oil prices dip as markets gauge U.S. inventory build, recession fears