- The dollar fell as risk-taking returned to markets at the end of a rocky week, with investors weighing US job gains against the Federal Reserve's policy-tightening plans.
- March futures on the NASDAQ 100 and S&P 500 indexes rose 0.3%. Treasuries remained stable, with the Two-Year yield on track for its highest weekly increase since October 2019. The euro rose as record inflation boosted the probability of a hawkish stance by the ECB.
- According to predictions for nonfarm payrolls, hiring in the United States may have more than doubled from the previous month to 447,000 new positions in December. The announcement would come on the heels of the ADP report showing that employers added the most positions in seven months. Markets expect little possibility of a change of heart even if Friday's results come in below expectations, with Fed officials planning for rapid rate hikes and shrinkage of the Fed's balance sheet.
- White House has discussed repackaging BBB by breaking off a piece or pieces of policy to revive the talks - Politico citing a senior Senate source.
- 2021 saw a record $949 bln in equity inflows, more than the cumulative inflow of the past two decades - BofA citing EPFR data.
- As default fears mount, China urges banks to increase property loans.
- US and Japanese ministers voiced concern that China's persistent efforts to undermine the rules-based order pose challenges - Joint Statement.
