Daily Market Insight

• 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

• 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