Daily Market Insight

• US small business sentiment up, but labor, inflation worries persist • German industrial output drops unexpectedly in November • Japan's Nov real wages down for 20th straight month • Dollar gains before inflation data, bitcoin slips

• U.S. consumers' inflation outlook hits two-year low, Fed rate cuts anticipated • Euro zone investor morale gains in January • Tokyo CPI inflation eases as expected in Dec, BOJ annual target in sight • Dollar falls as traders focus on data for Fed policy clues

• US economy cranks out jobs at brisk clip in December; wages increase • US service sector slows in December as employment plummets • Euro zone inflation jump cools case for ECB rate cuts • Dollar gains vs most currencies as US nonfarm payrolls loom

• Weekly US jobless claims fall to two-month low; labor market steadily cooling • German inflation rises in December due to base effects • Japan service activity expands in Dec, led by strong new business • Dollar gains vs most currencies as US nonfarm payrolls loom

• US job openings, quits near three-year low as labor market eases • Japan Dec factory activity extends declines on market uncertainty • China services activity rises more than expected in Dec • Dollar rebounds as traders rethink Fed rate cut expectations

• US construction on solid ground; manufacturing under pressure • Euro zone economy likely entered recession last year • China's home sales during New Year holiday fall 26% compared with 2023 • Dollar edges higher as risk rally hits pause

• New US jobless claims rise again as labor market cools • China manufacturing activity grows more than expected in Dec • Singapore's Q4 GDP speeds up on firmer construction, manufacturing • Dollar starts 2024 steady, focus switches to data

• World stocks at highest in over a year on rate cut bets • Japan Nov factory output falls on weaker autos • China's industrial profits post double-digit gains but recovery uneven • Bruised dollar wobbles as traders eye US rate cuts next year

• Fed rate cuts firmly in view for 2024, even as rate-setters shift • Japan corporate service inflation steady in November • BOJ's Ueda signals chance of policy shift, progress on price goal • Dollar struggles to gain footing in thin trade; yen steady

• US holiday retail sales grow 3.1%, down from prior year • Some in BOJ called for more debate on future easy policy exit -meeting summary • Singapore November core inflation slows to 3.2% y/y • Dollar under pressure on rate cut wagers in thin holiday market