South Korea’s service sector declined, AUD struggles, Gold remains pressured, and Ethereum drops amid market uncertainty.
Japan’s January unemployment rate is 2.5%, exceeding expectations. The job-to-applicant ratio rises to 1.26 amid economic concerns.
South Korea’s industrial output improved to -2.3% in January, indicating ongoing challenges for economic recovery and manufacturing.
Atlanta Fed GDP Tracker plunges to -2.8%, marking a steep drop. Next update expected Thursday.
South Korea’s output fell 4.1%, AUD/USD pressured, USD/JPY rebounded, gold stabilised, Ethereum dropped, global tensions persist.
New Zealand’s Building Consents rose 2.6% in January but fell 7.2% year-on-year; NZD/USD at 0.5618.
WTI crude oil falls 2.5% as OPEC plans gradual production increase; market trends bearish amid supply concerns.
US stock markets declined sharply; Nasdaq fell 2.6%, S&P 500 dropped 1.75%, and DJIA lost 1.4%.
CAD declines further as Trump threatens tariffs; PMI drops; USD/CAD nears 1.4500; officials consider retaliation measures.
China downplays fiscal stimulus, allowing some deficit flexibility while stressing long-term budget balance amid economic discussions.
