Daily Market Insight

• US Consumers’ Inflation Expectations Slip in New York Fed Survey • Euro zone economy sentiment rises in Dec, first time since start of Ukraine war • Tokyo CPI inflation rises more than expected to 40-year high in Dec • Oil prices dip as markets seek more clarity on Fed, SPR restocking

• U.S. nonfarm payrolls grew 223k in December, jobless rate falls to 3.5% • Eurozone CPI falls as energy subsidies bite, but core inflation rises again • Japan's Nov real wages fall most in 8 years, defying BOJ objective • Asia FX rallies on China reopening, yuan at over 4-mth high

• US Mortgage Rates Climb for Second Straight Week, Hitting 6.48% • Japan Dec service-sector activity rebounded on tourist boom • Thai headline CPI meets forecast in Dec, seen slowing in 2023 • Dollar edges higher after Fed minutes; weekly jobless claims to come

• U.S. manufacturing sector contracts, prices decline in December • Euro zone recession may not be as deep as expected • China service sector activity shrinks for 4th straight month in December • Oil prices rebound from new year tumble, U.S. inventories in focus

• U.S. construction spending rebounds in November • German inflation drops by more than expected in December • Japan Dec factory activity posts sharpest fall in more than 2 years • Oil prices nurse steep losses as markets look to Fed minutes

• Darkest days likely over for euro zone factories, Dec PMIs show • China Dec factory activity extends declines on COVID surge – Caixin PMI • Singapore GDP growth slumps in 2022 as trade slowdown weighs • Asia FX extends new year gains, Japanese yen surges to 7-mth high

• U.S. pending home sales sag more than expected in November • South Korea Dec exports to fall for third month as China demand still weak • Vietnam 2022 GDP growth quickens to 8.02%, fastest since 1997 • Oil prices ease, China COVID spike hurts demand outlook

• German businesses expect only mild recession as disruptions ease • China’s industrial profits slump on COVID fallout, next year seen improving • Thai Nov exports drop 6.0% y/y, slightly worse than forecast • Dollar edges to one-week high vs yen amid spike in Treasury yields

• U.S. new home sales increase again in November • Japan retail sales up for 9th month led by tourism help • China Jan-Nov industrial profit data shows deepening slump • Dollar retreats as risk appetite improves; Australia, NZ currencies rise

• U.S. consumer spending, inflation rise moderately amid rate hikes • Canada’s economy slows in October, but still resilient after rate hikes • Japan's consumer inflation hits fresh 40-year high, eyes on BOJ policy • U.S. dollar weakens as risk appetite rises with data showing slowdown