Deutsche Bank’s Sanjay Raja argues January’s UK inflation data will be uncomfortable for the Bank of England, with services and core CPI overshooting MPC projections.

Switzerland Trade Balance climbed from previous 1036M to 3818M in January

Switzerland Industrial Production (YoY) dipped from previous 2.4% to -0.7% in 4Q

BNY’s EMEA Macro Strategist Geoff Yu notes that the Australian Dollar is benefiting from a sharp rise in cash and short-term (CAST) flows as markets price in further Reserve Bank of Australia tightening.

Turkey Consumer Confidence climbed from previous 83.7 to 85.7 in February

The EUR/GBP cross gains momentum near 0.8745 during the early European trading hours on Thursday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid weak economic data from the United Kingdom (UK).

Commerzbank’s Antje Praefcke notes that EUR/USD slipped below 1.18 as markets interpreted the January Fed minutes as slightly more hawkish, helped by stronger US labour data. She stresses that a March rate cut is now ruled out and fewer than two cuts are priced for 2026.

Netherlands, The Consumer Confidence Adj: -24 (February) vs previous -23

Netherlands, The Unemployment Rate s.a (3M) remains at 4% in January

The US military is ready for possible strikes on Iran as soon as Saturday, CBS reported on Wednesday. Nonetheless, US President Donald Trump has yet to make a final decision on whether to carry out an attack.

Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk said in a Reuters interview on Thursday, the next move in interest rates will likely be up.

West Texas Intermediate (WTI) Oil price edges lower after registering 4.9% losses in the previous session, trading around $65.00 per barrel during the Asian hours on Thursday.

Australia Part-Time Employment dipped from previous 10.4K to -32.7K in January

Australia Participation Rate registered at 66.7%, below expectations (66.8%) in January

Australia Full-Time Employment dipped from previous 54.8K to 50.5K in January

Australia Unemployment Rate s.a. below expectations (4.2%) in January: Actual (4.1%)

Australia Employment Change s.a. came in at 17.8K below forecasts (20K) in January

Reserve Bank of New Zealand’s (RBNZ) new Governor Anna Breman said on Thursday that if the outlook for inflation changes, committee will adjust policy stance to ensure inflation returns to target.

Japan Machinery Orders (MoM) registered at 19.1% above expectations (4.5%) in December

Japan Foreign Investment in Japan Stocks: ¥1B (February 13) vs previous ¥543.2B

Japan Machinery Orders (YoY) registered at 16.8% above expectations (3.9%) in December

ING’s Julian Geib outlines how Artificial Intelligence is reshaping real‑economy sectors in 2026. Data centre construction is booming but faces power and cost constraints, with EU building activity expected to recover.

BNY’s EMEA Macro Strategist Geoff Yu reports that Latin American sovereign debt positioning in global portfolios has climbed to multi-year highs, with combined holdings in Brazil, Mexico, Argentina, Chile, Colombia and Peru now above 2023 peaks.

United States Net Long-Term TIC Flows down to $28B in December from previous $220.2B

United States Total Net TIC Flows down to $44.9B in December from previous $212B

Commerzbank’s Volkmar Baur highlights that South Africa’s unemployment has fallen to 31.4%, the lowest since the pandemic, but remains structurally very high. Employment growth lags population gains, and the labour force has shrunk as more people stop job hunting.

ING’s Frantisek Taborsky notes the Hungarian Forint is testing new highs as EUR/HUF trades near two-year lows ahead of expected NBH rate cuts.

Standard Chartered’s Madhur Jha and Ethan Lester highlight that around 80% of global trade moves via sea routes, with Asia, and particularly China, increasingly dominant in port rankings and liner shipping connectivity.

BNY’s EMEA Macro Strategist Geoff Yu notes that FX risk appetite and carry trades have stayed resilient despite weaker global equities, with investors adding to overheld high-yielders such as MXN, BRL and PLN, and some low-yielding Asia-Pacific currencies.

United States 20-Year Bond Auction down to 4.664% from previous 4.846%