J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: Unemployment rate rose by 0.1 percent in December to 5.5 percent as participation rate ticked up by 0.2 percent to 65.7 percent. Employment rose by 34,700.
- China: House price index rose to 5.3 percent in December.
- Japan: Industrial production rose 0.5 percent in November, up 3.6 percent from a year ago.
Upcoming:
- China: December industrial production report, retail sales, fixed asset investments report and fourth quarter GDP numbers will be released at 7:00 GMT.
- United States: Housing starts and building permits report will be released at 13:30 GMT, along with weekly jobless claims report and Philadelphia Fed manufacturing survey. EIA will release natural gas inventory report at 15:30 GMT and oil inventory report at 16:00 GMT.
- New Zealand: December business PMI report will be released at 21:30 GMT.
- Auction: U.S. will auction 10-year note at 18:00 GMT. Spain will auction 3-year, 5-year, and 10-year bond today.
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