Daily Market Insight

• 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

• US consumer sentiment races to 2-1/2-year high; inflation expectations ease • Fed won't start rate cuts until May, traders now bet • Annual foreign investment flows into China shrinks first time since 2012 • Dollar edges lower but poised for weekly gain as early rate cut hopes dim

• US weekly jobless claims at 16-month low • Euro zone current account surplus shrinks in Nov • Japan CPI inflation falls as expected in Dec, points to ultra-dovish BOJ • Dollar gains for fifth straight session on solid labor data

• Strong US retail sales underscore economy's momentum heading into 2024 • ECB President Lagarde hints at potential summer rate cuts • Japan Nov machinery orders fall more than expected • Dollar holds near one-month peak as dovish Fed bets recede

• Japan's wholesale inflation flat in December, eases pressure on BOJ • China's Q4 GDP grows 5.2% y/y, below market forecast • Oil prices dip as strong dollar, rate fears offset M.East disruptions • Dollar rallies to one-month high as Fed cut outlook dims