The Conference Board released a report on Tuesday unexpectedly showing a significant deterioration in U.S. consumer confidence in the in the month of January. The Conference Board said its consumer confidence index plummeted to 84.5 in January from an upwardly revised 94.2 in December.

French consumer sentiment remained unchanged in January but remained weaker than its long-run average, monthly survey results from the statistical office INSEE showed on Tuesday. The consumer confidence index posted 90 in January, the same score as seen in December and also matched expectations. The index had remained below its long-term average of 100.

The Indian rupee weakened against the U.S. dollar in the late Asian session on Tuesday, amid importer hedging surpassed exporters and equity outflows acceleration.

The U.S. dollar lost heavily against major currencies during the week ended January 23 that witnessed the U.S. President's intensified push to take control over Greenland as well as an unexpected walk-back of the threats.

Consumer confidence from France and unemployment from Spain are the top economic news due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes consumer sentiment survey results. The confidence index is seen unchanged at 90 in January.

Europe's new car sales increased at a faster pace in December but the overall sales volume in the whole year of 2025 remained below pre-pandemic levels, the European Automobile Manufacturers' Association, or ACEA, said Tuesday. In December, new car sales logged an annual growth of 5.8 percent after rising 2.1 percent in November.

A report released by the Commerce Department on Monday showed new orders for U.S. manufactured durable goods surged by much more than expected in the month of November. The Commerce Department said durable goods orders shot up by 5.3 percent in November after tumbling by 2.1 percent in October. Economists had expected durable goods orders to jump by 3.0 percent.

German business sentiment remained unchanged in January as the improvement in current situation was offset by the deterioration in expectations, survey data from the Munich-based ifo Institute showed on Monday. The business climate index remained unchanged at 87.6 in January, while the score was expected to rise to 88.3. The current situation index rose to 85.7 in January from 85.6 in December.

The Japanese yen strengthened against other major currencies in the pre-European session on Monday, due to rising speculation of possible Bank of Japan intervention in the foreign exchange market.

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved much more than previously estimated in the month of January. The University of Michigan said its consumer sentiment index for January was upwardly revised to 56.4 from a preliminary reading of 54.0. Economists had expected the index to be unrevised.

The UK private sector grew the most since early 2024 in January, signalling continued economic resilience despite geopolitical tensions, flash survey results published by S&P Global showed Friday. The headline composite output index rose more-than-expected 53.9 in January, up from 51.4 in December. The expected score was 51.7.

The euro area private sector logged a steady growth in January as manufacturing output returned to growth, while the pace of expansion in services activity softened to a four-month low, flash survey results from S&P Global showed on Friday. The HCOB flash composite output index registered 51.5 in January, unchanged from December. The score was forecast to rise marginally to 51.6.

The Japanese yen recovered from early weakness against other major currencies in the European session on Friday, after the Bank of Japan (BoJ) Governor Kazuho Ueda's news conference.

UK retail sales rebounded in December as online jewellers reported a renewed increase in demand for precious metals, the Office for National Statistics said Friday.
A closely watched survey today showed that British consumer confidence improved in January but continued to remain negative for about ten years. Retail sales increased 0.4 percent in December, in contrast to the 0.1 percent fall in

The Bank of Japan retained its key interest rate following a quarter-point hike in December, and raised its economic growth outlook citing the effects of government's stimulus package. The policy board, headed by Ueda Kazuo, voted 8-1 to maintain the uncollateralized overnight call rate at around 0.75 percent.The rate had previously been increased by 25 basis points in December.

Flash purchasing managers' survey results from the euro area and the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for December. Sales are forecast to remain flat after falling 0.1 percent in November.

Consumer prices in the U.S. increased in line with economist estimates in the month of November, according to a report released by the Commerce Department on Thursday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in November, matching the growth seen in October along with economist estimates.

The U.S. economy grew by slightly more than previously estimated in the third quarter of 2025, according to a report released by the Commerce Department on Thursday. The report said real gross domestic product spiked by 4.4 percent in the third quarter compared to the previously reported 4.3 percent surge. Economists had expected the pace of growth to be unrevised.

The Labor Department released a report on Thursday showing a slight uptick in first-time claims for U.S. unemployment benefits in the week ended January 17th. The report said initial jobless claims crept up to 200,000, an increase of 1,000 from the previous week's revised level of 199,000. Economists had expected jobless claims to rise to 205,000.

Turkey's central bank reduced its benchmark rate by 100 basis points on Thursday as underlying trend of inflation continued to ease. The Monetary Policy Committee of the Central Bank of the Republic of Turkey decided to reduce the policy rate to 37.0 percent from 38.0 percent.

The UK budget deficit narrowed more than expected in December driven by the increase in tax receipts, data from the Office for National Statistics showed on Thursday. Public sector net borrowing decreased GBP 7.1 billion from the previous year to GBP 11.6 billion in December. This was below economists' forecast of GBP 13.4 billion.

The Japanese yen weakened against other major currencies in the Asian session on Thursday amid increased risk-on mood, as traders react to U.S. President Donald Trump's speech at the World Economic Forum, where he ruled out the use of military force to take control of Greenland. Concerns about a tariff war between the U.S. and Europe also subsided after Trump said he would not go forward with the tariffs he threatened to impose on several European nations.

The Australian dollar strengthened against other major currencies in the Asian session on Thursday, following the release of Australia's employment data, which supports expectations of tighter monetary policy from the Reserve Bank of Australia (RBA).

Public sector finances from the UK and minutes of the European Central Bank's governing council meeting are due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data. The budget deficit is expected to widen to GBP 13.4 billion in December from GBP 11.65 billion in November.

A report released by the Commerce Department on Wednesday showing construction spending in the U.S. increased by much more than expected in the month of October. The Commerce Department said construction spending climbed by 0.5 percent to an annual rate of $2.175 trillion in October after falling by 0.6 percent to an annual rate of $2.164 trillion in September.