China Services PMI Hits Three-Month High as New Orders and Hiring Improve 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- New Zealand: ANZ commodity price index rose 2 percent in February.
- Japan: Markit services PMI marginally declined to 51.3 in February.
- China: Caixin services PMI for February marginally declines to 52.6
Upcoming:
- Japan: Consumer confidence index will be updated at 5:00 GMT.
- Germany: Retail sales details for January will be reported at 7:00 GMT, followed by the release of Markit services PMI report at 8:55 GMT.
- Spain: Markit services PMI report will be updated at 8:00 GMT, followed by the updating of house price index at 9:00 GMT.
- Italy: Markit services PMI report will be released at 8:45 GMT, followed by fourth quarter GDP at 9:00 GMT.
- France: Markit services PMI report will be published at 8:50 GMT
- Eurozone: Markit services PMI will be released at 9:00 GMT and retail sales report at 10:00 GMT.
- United Kingdom: Markit services PMI for February will be reported at 9:30 GMT.
- United States: Markit services PMI report will be released at 14:45 GMT, followed by ISM-non-manufacturing PMI at 15:00 GMT. Many FOMC speakers are scheduled today; Evans and Lacker at 15:15 GMT, Powell at 17:15 GMT, Fischer and Yellen at 18:00 GMT.
