Daily Market Insight

• U.S. PCE prices rose 0.6% in January, stoking fears of higher Fed rates for longer • German economy shrinks 0.4% in fourth quarter, weak start to 2023 seen • China’s Uneven Recovery Continues With Industrial Sector Lagging • Yen faces more pain as incoming BoJ governor Ueda torpedoes hopes of policy pivot

• U.S. labor market resilient; inflation hotter in fourth quarter • Euro zone inflation marginally higher in Jan; core also lifted • Japan CPI inflation hits 41-year high in Jan as BOJ changes loom • Dollar to build on gains as rate-hike path unlikely to narrow until Fed meets next

• U.S. home sales post 12th straight monthly drop; house price inflation slows • Japan manufacturers gloomy as global slowdown hurts • German inflation remains high at start of year • Oil prices rise on potential for deeper Russian supply cut

• U.S. business activity rebounds to eight-month high in February • Euro zone business growth at 9-month high as services supports • UK economy's unexpected bounce spurs more BoE rate hike talk • Dollar clings to modest gains as strong U.S. data lends support

• U.S. household debt jumps to $16.90 trillion • UK property asking prices show weakest February gain on record • Japan's factory activity shrinks at fastest pace in 2-1/2 years • Dollar edges lower; on course for first monthly gain since September

• U.S. import prices fall in January; annual increase smallest in two years • German producer prices ease, but at lower pace than expected • Thai Q4 GDP unexpectedly falls, 2023 outlook trimmed • Oil prices rise after sharp weekly losses, Fed cues awaited

• U.S. labor market still tight; monthly producer inflation accelerates • China’s new home prices rise in Jan for first time in a year • Singapore's Jan non-oil domestic exports fall 25% y/y • Dollar advances as strong U.S. data backs higher rates backdrop

• U.S. retail sales climb by 3.0% in January • Slowdown in UK inflation eases pressure on Bank of England • Australia employment falls for second month, jobless at 8-mth high • Oil little changed as market discounts big U.S. crude storage build

• U.S. consumer sentiment improves; inflation expectations rise • UK economy shows zero Q4 growth, narrowly avoids recession • Japan's wholesale inflation stays elevated, keeps BOJ under pressure • Dollar rises as investors look to next week's inflation report; yen gains

• U.S. consumer sentiment improves; inflation expectations rise • UK economy shows zero Q4 growth, narrowly avoids recession • Japan's wholesale inflation stays elevated, keeps BOJ under pressure • Dollar rises as investors look to next week's inflation report; yen gains