Daily Market Insight

• Fed's Mester says case for half-percentage-point rate hike in March not compelling • UK housing market heats up in January despite cost pressures – RICS • ECB may need to raise rates in 2022, new Bundesbank chief says • Dollar ticks down, euro up ahead of U.S. CPI report

• U.S. December trade data reveals massive shortfall in China's 'Phase 1' purchases • Fed's Daly says U.S. inflation could get worse before it gets better • European, U.S. regulators tell banks to prepare for Russian cyberattack threat • Dollar, euro trade sideways after ECB pushback

• U.S. rate hikes could hit highly dollarized emerging market banks - Moody's • Euro zone inflation could subside before becoming entrenched: Lagarde • UK consumers slowed their spending as COVID rules returned in January • Euro bounce pauses ahead of U.S. inflation

• ECB's Knot sees first interest rate hike in fourth quarter of 2022 • Thailand central bank awaits tourism revival, to hold rates for another year: Reuters poll • China could take further measures to rein in yuan- former regulator • Euro near three-week top, but looming Fed tightening could help dollar

• Fed's Barkin says rates should move to pre-pandemic levels, then assess next steps • BoE hikes rates to fight inflation, but not by enough for 4 officials • Emerging FX already riding higher local rates will outperform this year: Reuters poll • Dollar set for bruising week after ECB and BOE get more hawkish

• ECB seen on hold but may acknowledge inflation risks • Japan's service sector shrinks at fastest pace in 5 months • South Korea Jan factory activity grows at fastest pace in 6 months • U.S. dollar falls on weak private jobs data; euro up as inflation perks up

• Fed's Bullard sees three successive hikes to start policy tightening • U.S. trade official says China failed to meet 'Phase 1' commitments • BOJ under less pressure to shift yield target than market thinks – sources • Dollar restrained by risk revival, spread of rate speculation

• Fed's Daly supports rate liftoff in March, wants options open on rate path • Inflation expectations stable, faster price rises may be easing -Fed data • Japan Jan factory growth hits near 8-year high – PMI • Dollar slides as recent rally takes a pause, may have seen short-term peak

• Fed rate hike could be half-point if needed, says Raphael Bostic – FT • UK's Johnson and Sunak: We will go ahead with payroll tax rise • China home builders, suppliers issue spate of profit warnings as Evergrande woes bite • Dollar near 18-month high ahead of bumper central bank week

• U.S. banks look forward to 'bread-and-butter' growth as economy rebounds • Bank of Canada 'no hike' leaves housing fire burning, say market watchers • IMF urges Japan to scale back pandemic support, raise taxes in long run • Dollar Down but remains above 97-mark as bets on multiple Fed hikes increase