1. Australian Bonds Fall Ahead of US Inflation Data: Markets Wrap

    (Bloomberg) — Australian and New Zealand bonds fell, echoing selling in Treasuries on Friday, ahead of US inflation data this week that will help identify the path ahead for the Federal Reserve. The two nations’ 10-year yields climbed three basis points in early trading Monday after their US equivalent edged higher Friday.

  2. Gold Steady Ahead of Key US Data as Traders Seek Rate-Path Clues

    (Bloomberg) — Gold was steady following a weekly decline, as traders weighed the outlook for interest rates ahead of crucial US economic data due this week. Tuesday’s core inflation reading is expected to ease fractionally lower to 3.7% on an annual basis, according to average forecasts from economists polled by Bloomberg. The data are likely to influence the next steps from Federal Reserve policymakers, who are seeking more evidence that price pressures are sustainably receding toward their 2% target before they begin cutting rates.

  3. Biden Urges Netanyahu to Shield Rafah Civilians in an Attack

    (Bloomberg) — President Joe Biden urged Prime Minister Benjamin Netanyahu to shield civilians in Gaza from an Israeli military operation in the southern city of Rafah, saying it shouldn’t proceed without a “credible and executable plan” for their safety and support. The White House readout after a phone call between Biden and the Israeli leader followed pledges by Netanyahu in two US television interviews earlier Sunday that Israel will have a plan, including directing civilians northward in the Gaza Strip to get them out of harm’s way.

  4. Slower US Inflation Is Set to Fuel Fed Cut Optimism

    (Bloomberg) — The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months. The core consumer price index, a measure that excludes food and fuel for a better picture of underlying inflation, is seen increasing 3.7% in January from a year earlier.

  5. Musk Must Testify in SEC Twitter Probe, Court Rules

    (Bloomberg) — A federal court in California is enforcing a subpoena for Elon Musk to testify before the US Securities and Exchange Commission regarding potential violations of federal securities laws in connection with his purchase of Twitter. The court ruled the evidence gathered is relevant and material to the SEC’s investigation and the testimony required of Musk is not unduly burdensome, a court filing Saturday said. The two parties were ordered to meet within one week and decide on a date and location for the testimony.

  6. Three Japan Surprises Cast Doubt on BOJ Early Exit: Economics

    (Bloomberg Economics) — Three key gauges of Japan’s inflation momentum — wages, consumption, and Tokyo’s CPI — surprised to the downside after the Bank of Japan’s Jan. 22-23 meeting. The weak data cast doubts on whether the 2% target will be secure enough for the BOJ to tighten policy in the next few months.

  7. Bond Traders Cave to the Fed by Dialing Back Their Rate-Cut Bets

    (Bloomberg) — Bond traders are finally heeding one of the market’s oldest lessons: Don’t fight the Fed. As the Federal Reserve pushed through its steepest interest-rate hikes in decades, investors consistently misjudged how far it would go, handing them steep losses in 2022 as Treasuries tumbled. Then early last year, they wrongly wagered a banking panic would force the Fed to stop. 8. Stock futures are little changed on Sunday night after a record week for the S&P 500 U.S. stock futures hovered near the flatline on Sunday night following a record-setting week for the S&P 500. On Friday, the S&P 500 rose 0.57% to close above the 5,000 level for the first time, while the tech-heavy Nasdaq Composite added 1.25%. On the other hand, the Dow Jones Industrial Average slid 54.46 points, or 0.14%.

  8. Oil starts week lower after Israel says ‘concluded’ Gaza strikes

    Oil prices fell in early Asian trade on Monday after Israel said it had “concluded” a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East. Geo-political risks including a feared broadening of the Israel-Palestinian conflict across the region and potential oil supply disruption in the Middle East pushed prices up by about 6% last week.

  9. Bitcoin Spot ETFs Are Starting to See Slowing Investor Interest

    Interest in the much-anticipated spot Bitcoin ETFs appears to be cooling, with Wednesday marking the group’s lowest single-day of investor gross inflows since trading began on Jan. 11. The nine new funds received about $270 million in inflows yesterday, according to a report from JPMorgan Chase & Co.

  10. Europe Stock Futures Gain After Record for S&P 500: Markets Wrap

    European equity futures edged higher after the S&P 500 closed at a new record high Friday amid optimism over eventual Federal Reserve interest-rate cuts. Trading in Asia was muted with a swath of markets shut for Lunar New Year.

  11. In Trump-Biden 2024 Rematch, the Only Sure Loser Is China

    (Bloomberg) — Donald Trump’s China trade war frayed economic ties between the two global superpowers. His second-term plans risk cutting them entirely. The former president is pitching a 60% tariff on all Chinese imports. That would shrink a $575 billion trade pipeline to practically nothing, Bloomberg Economics analysis shows.

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