Daily Market Insight

• 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

• NY Empire State manufacturing index plunges in January to -32.9 • German economy expected to contract slightly in 2023 • Canada’s inflation eases in December ahead of another likely rate hike • Oil prices move little as markets weigh China recovery, recession fears

• U.S. December deficit quadruples as outlays grow, debt ceiling nears • Japan’s sharp wholesale price rise heaps pressure on BOJ’s ultra-easy policy • China Q4 GDP slows on COVID woes, but beats expectations • Dollar finds its footing near seven-month low, all eyes on yen

• U.S. near-term consumer inflation expectations lowest in nearly two years • Japan PPI inflation rises more than expected in Dec to 42-year high • China trade balance up more than expected in Dec amid easing COVID curbs • Oil prices slip as markets await demand forecasts, economic clarity

• U.S. CPI fell 0.1% on month in December; annual inflation slowed to 6.5% • Bank of Korea raises rates as markets see end of tightening • Argentina's inflation rate at 95%, highest since 1991 • Dollar wobbles as U.S. inflation fuels hopes of slower Fed rate path

• U.S. wholesale inventories rise strongly in November as demand falters • Japan posts record current account surplus for November • China CPI inflation beats expectations in Dec after easing of COVID curbs • Oil gains 3% on global economic optimism, despite surprise U.S. crude build

• U.S. small-business sentiment skids to half-year low • Australia CPI inflation surges in Nov, spells more economic pressure • South Korea Dec 2022 unemployment rate rises to 11-month high • Dollar treads water near 7-month lows ahead of U.S. inflation data

• US Consumers’ Inflation Expectations Slip in New York Fed Survey • Euro zone economy sentiment rises in Dec, first time since start of Ukraine war • Tokyo CPI inflation rises more than expected to 40-year high in Dec • Oil prices dip as markets seek more clarity on Fed, SPR restocking

• U.S. nonfarm payrolls grew 223k in December, jobless rate falls to 3.5% • Eurozone CPI falls as energy subsidies bite, but core inflation rises again • Japan's Nov real wages fall most in 8 years, defying BOJ objective • Asia FX rallies on China reopening, yuan at over 4-mth high