- Global markets fell, and the dollar surged to a one-month high as central bank officials fought back against predictions on fast interest rate reduction.

- US futures fell, while the Stoxx Europe 600 index approached a five-week low. The MSCI Asia Pacific Index fell 1.5 percent, the biggest in three months. The two-year Treasury yield jumped six basis points to 4.2%. An indicator of the dollar rose 0.6%.

- Banks led equity falls in Europe, with JPMorgan analysts predicting that lending revenue will be constrained by the high in interest rates.

- ECB's Villeroy said it is too early to declare victory over inflation at Davos, Switzerland. Traders are looking for Federal Reserve Governor Christopher Waller's speech later Tuesday for clues on the timing of a Fed rate cut, with money markets forecasting a two-in-three possibility of a cut in March.

- Goldman Sachs posts better than expected earnings. Profit rose 51% from one year ago, to $2.01 billion.

- China's Premier Li: In 2023, China's economy rebounded and moved upward and had a predicted growth of 5.2%, higher than the target of 5%.

- BoE rate bets steady after UK data, with 134 BPS of 2024 cuts priced.