Philippines Current Account Deficit Seen at $19.1 Billion in 2026 
Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
RBA Set for September Rate Hike as Inflation Stays High 
Visa Wins China Approval to Prepare Domestic Payments Expansion 
ECB May Stop Rate Hikes After December, Capital Economics Says 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
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Lots of economic data and events scheduled for today, but all with low to medium volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI declines to 54 in December.
- China: Caixin services PMI rose to 53.9 in December.
Upcoming:
- United Kingdom: Nationwide house price report will be released at 7:00 GMT, followed lending reports, mortgage approvals and money supply reports will be released at 9:30 GMT.
- Spain: Markit services PMI report will be released at 8:15 GMT.
- Italy: Markit services PMI report will be released at 8:45 GMT.
- France: Markit services PMI report will be released at 8:50 GMT.
- Germany: Markit services PMI report will be released at 8:55 GMT.
- Eurozone: Markit services PMI report will be released at 9:00 GMT.
- United States: Challenger jobs report will be published at 12:30 GMT, followed by ADP employment report 13:15 GMT and weekly jobless claims report at 13:30 GMT. Markit services PMI report will be released at 14:45 GMT. EIA will release the weekly natural gas report at 15:30 GMT, and weekly oil report at 16:00 GMT. Fed’s Bullard is scheduled to speak at 18:30 GMT.
- Canada: Raw material and industrial product price report will be released at 13:30 GMT.
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