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.

After reporting a sharp increase in pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales pulled back by far more than expected in the month of December. NAR said its pending home sales plummeted by 9.3 percent to 71.8 in December after surging by 3.3 percent to 79.2 in November.

The Japanese yen strengthened against other major currencies in the European session on Wednesday, as traders await additional clues regarding the anticipated timing of the Bank of Japan's (BoJ) next rate hike.

UK inflation accelerated more than expected in December on airfares and tobacco prices but it is expected to slow to the 2 percent target as the impact of utility price hikes drop out of annual comparisons. The consumer price index posted an annual growth of 3.4 percent in December after rising 3.2 percent in November, the Office for National Statistics said. Inflation was expected to climb to 3

Strong economic data from the U.S. and safe haven demand attributed to renewed geopolitical tensions boosted the U.S. dollar during the week ended January 16.

The UK unemployment rate remained stable and wage growth eased in the three months to November, data from the Office for National Statistics showed Tuesday. The jobless rate was estimated at 5.1 percent, unchanged from the three months to October and also matched expectations. Average earnings excluding bonuses posted an annual growth of 4.5 percent.

The commodity currencies such as Australia, the New Zealand and Canadian dollars strengthened against major counterparts in the Asian session on Tuesday, as the commodities such as gold and silver prices continue to reach fresh highs after U.S. President Donald Trump's latest tariff threat over Greenland.

Unemployment from the UK and economic sentiment from Germany are the key economic reports due on Tuesday. At 2.00 am ET, the Office for National Statistics is scheduled to publish the UK's unemployment data for November.

China's economy achieved its growth target in 2025, weathering trade threats but the imbalance between domestic demand and exports persisted, official data revealed Monday. In the whole year of 2025, the second-largest economy posted 5 percent growth, the National Bureau of Statistics said.

A report released by the National Association of Home Builders on Friday showed an unexpected deterioration in U.S. homebuilder confidence in the month of January. The report said the NAHB/Wells Fargo Housing Market Index dipped to 37 in January from 39 in December. Economists had expected the index to inch up to 40.