Canada on Wednesday announced to cut rates to 4.75% from 5%, becoming the first G7 nation to cut rates. Governor Tiff Macklem indicated further easing would be gradual and dependent on data.
The European Central Bank on Thursday also confirmed a widely-anticipated reduction in interest rates at its meeting in Frankfurt. It takes the central bank's key rate to 3.75%, down from a record 4%. Markets have priced one further reduction this ...

The S&P Global PMI Delivery Times Index showed the presence of delays driven by the disruptions in the Red Sea. Longer delivery times have been a leading indicator of rising goods inflation.
Detailed sector data further showed that half of the 14 sector and sector groups, for which suppliers' delivery times data are available, experienced a renewed lengthening of lead times in January. Producers of b...