Gold prices rebounded over 1% as geopolitical tensions and falling Treasury yields boosted safe-haven demand.
Japan’s finance minister Kato stated they are not devaluing the yen, citing monetary policy as the cause.
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%.
