ING expects Chinese inflation dynamics to have limited impact on People’s Bank of China policy in 2026. Lynn Song argues that CPI will again undershoot an expected 2% target, but this shortfall should not constrain monetary decisions.

Cleveland Fed President Beth Hammack is crossing the wires. She said that the Unemployment Rate is stabilizing, following the release of the strong January Nonfarm Payrolls report in the US.

UOB Global Economics & Markets Research economists Julia Goh and Loke Siew Ting highlight that Malaysia’s labour market strengthened further in 4Q25, with unemployment falling to 2.9% and participation steady at 70.9%.

Standard Chartered economists Hunter Chan, Shuang Ding and Carol Liao note that China’s broad fiscal deficit reached 8.1% of GDP in 2025, below target but still expansionary.

UOB Global Economics & Markets Research reports that Singapore’s 4Q25 GDP was revised significantly higher, driven by stronger manufacturing, services and construction. This lifted full‑year 2025 growth and prompted the authorities to raise the official 2026 forecast range.

A Wall Street Journal article revealed that the Pentagon is preparing a second aircraft carrier to deploy to the Middle East.

MUFG’s Senior Currency Analyst Lloyd Chan notes Indonesia enters 2026 with solid growth momentum but rising fiscal and policy risks.

United States Monthly Budget Statement came in at $-95B, below expectations ($-86.5B) in January

US Treasury yields rise across the curve with the US 10-year Treasury note rising nearly one and a half basis points at 4.155% following the release of a strong jobs report in the US, which trimmed investors’ expectations of further easing by the Federal Reserve.

United States 10-Year Note Auction increased to 4.177% from previous 4.173%

BNY’s Head of Markets Macro Strategy Bob Savage highlights that Latin American assets have seen strong, broad-based inflows across equities, bonds and FX, leaving positioning elevated versus other Emerging Markets.

Russia Unemployment Rate increased to 2.2% in December from previous 2.1%

Federal Reserve (Fed) Bank of Kansas City President, Jeffrey Schmid, said it is appropriate to maintain a restrictive monetary policy as inflation approaches 3%.

ING’s Francesco Pesole expects the Riksbank to keep rates on hold through 2026 despite inflation falling temporarily to around 1%.

TD Securities expects the Bank of Canada’s Summary of Deliberations to deliver a more nuanced message than January’s cautious statement.

United States U6 Underemployment Rate fell from previous 13% to -42% in January

United States Average Weekly Hours came in at 34.3, above forecasts (34.2) in January

United States Average Hourly Earnings (YoY) above expectations (3.6%) in January: Actual (3.7%)

United States Unemployment Rate registered at 4.3%, below expectations (4.4%) in January

United States Nonfarm Payrolls came in at 130K, above expectations (70K) in January

Canada Building Permits (MoM) came in at 6.8%, above expectations (5%) in December

United States Labor Force Participation Rate rose from previous 62.4% to 62.5% in January

United States Average Hourly Earnings (MoM) came in at 0.4%, above forecasts (0.3%) in January

Russia Foreign Trade increased to $10.021B in December from previous $6.795B

Nomura expects Euro area GDP growth to accelerate in 2026–2027 to around 1.7–1.8% year-on-year, above estimated potential of roughly 1.1–1.2%.

Deutsche Bank’s Marc Schattenberg analyzes Germany’s 2026 wage round, covering around 10 million employees across public services, retail, wholesale, chemicals and metalworking.

Commerzbank’s Antje Praefcke notes that stronger January inflation in Norway, with headline at 3.6% and core at 3.4% year-on-year, confirms that interest rate cuts by Norges Bank are off the table for now.

TD Securities expects UK GDP to rise 0.1% m/m in December, driven mainly by manufacturing, with services flat. This would leave Q4 2025 GDP at 0.2% q/q, matching consensus and MPR projections, and only modest services growth.

BNY’s Geoff Yu highlights that US equity markets have stabilized despite recent volatility, with the Tech sector still leading allocations.

United States MBA Mortgage Applications up to -0.3% in February 6 from previous -8.9%