Daily Market Insight

• Trump and Xi discuss trade and TikTok before inauguration • US industrial output beats forecasts as manufacturing stabilizes • UK retail sales drop sparks growth concerns • China hits 5% GDP target, but Trump tariffs pose growth risks • IMF boosts global growth forecast due to stronger US demand • The US dollar was volatile on Friday ahead of Trump's inauguration

• US initial jobless claims rose more than expected • US Retail Sales expanded but less than market expectations • China imposes provisional duties on US, EU, Japan, Taiwan industrial plastics • UK economy’s disappointing November growth • Bank of Korea surprises by holding rates steady as uncertainty lingers • Dollar turns lower ahead of Trump inauguration

• US consumer prices slows as expected in December • UK inflation decrease provides relief to reeves after market downturn • BOJ chief Ueda signals rate hike chance next week • Bank Indonesia unexpectedly reduces interest rates to boost growth • Dollar weaker as inflation eases; yen firms on BOJ talk

• US wholesale inflation unexpectedly slows because of a decline in food prices • Trump team considers gradual tariff hikes under emergency powers • BOJ Deputy Governor hints at the possibility of a rate hike next week • China’s new loans decline for the first time in 13 years due to weak demand • US Dollar cools off ahead of CPI release

• NY Fed survey shows US consumers expect persistent inflation • Mexico to offer nearshoring incentives to reduce China imports • Chinese trade surplus hits $1 trillion on pre-Trump exports • China plans to expand visa-free entry to more countries • The US dollar keeps rising ahead of the CPI report

• Strong US jobs report backs case for pause in Fed rate cuts • Michigan consumer sentiment index drops below expectations • BOJ may raise inflation forecast due to rice prices and weak yen • US intensifies pressure on Russia with new energy sanctions • US dollar rises as strong jobs data backs Fed’s rate cut pause

• Fed officials signal interest rates likely on hold for a while • US hiring announcements in 2024 lowest in nine years • Euro zone consumers cut spending amid economic stagnation • China's consumer prices decline, deepening deflation concerns • US Dollar strengthens ahead of NFPs

• Fed minutes reveal officials want to slow rate cuts • Trump considering national emergency declaration for new tariffs • ADP Report: US job growth hits 122,000, lowest since August • Japan's base pay rises most in 32 years, supporting rate-hike outlook • US Dollar holds gains after FOMC minutes

• US job openings rise to six-month high on business services • US services index climbs, price gauge hits highest since 2023 • Euro-Zone inflation rebounds but won’t derail ECB rate cuts • Australia's key CPI gauge moves closer to RBA target in November • Dollar strengthens as strong US data signals Fed may slow easing

• Trump says reports on changes to his tariff policy are incorrect • German inflation rises more than expected in December • Ueda reminds bankers of potential rate hikes • Trudeau resigns after 9 years as Liberals push him out • Thai inflation hits target for the first time in seven months • Dollar drops in volatile trading amid Trump tariff uncertainty