Mixed Markets overnight

• Hong Kong: Hang Seng closes down -0.52%%
• China CSI 300 -0.35%
• Taiwan KOSPI +1.02%India Nifty 50 +0.78%
• Australia ASX +0.31%%
• Japan Nikkei -0.10%
• European bourses broadly up across the board and in positive territory
• US indices mixed ES and NQ up overnight, tech leading the charge, RTY (small caps) flat and YM in negative territory, USD down -0.07%

Overnight news/data

• England BoE Raises Bank Rate By 50Bps To 4% As Expected; Voted 7-2 To Raise Bank Rate
• Germany Dec Trade Balance EUR 10.0 Bln vs. expected EUR 9.8 Bln
  Dec Exports -6.3% m/m vs. expected -3.0%
  Dec Imports -6.1% m/m vs. expected -1.8%
• China Chinese cities lower or scrap floor on mortgage rates to boost demand
• Australia-Dec Building Approvals 18.5% m/m vs. expected 1.0%
  Dec Private Home Approvals -2.3% m/m
  Q4 NAB Business Confidence falls to-1 from Q3 +9

**ECB rate decision up at 8:15 AM ET (50 bps expected)**

US DATA TODAY

OVERNIGHT COMMODITY HEADLINES

Metals

Gold hits more than 9-month high after Powell strikes dovish tone

London copper rebounds as dollar plunges

Peru’s Las Bambas mine set to halt production as blockades remain, source says

Brazil readies task force to expel miners from Yanomami lands, officials say

Energy

EU struggles to agree Russian oil product price cap, seeks Friday deal

Shell makes record $40 billion annual profit

US backs smaller version of ConocoPhillips Alaska oil project

Petrobras hikes jet fuel price by 17.1%

Asia’s crude oil imports hit record high, but it’s not China: Russell

Basra Oil Company head expects Qatar to take 20-25% stake in TotalEnergies’ Iraq

Kazakhstan’s oil and refined products exports via Georgian ports jump tenfold in  2022

Norway’s Equinor says sanctions prevented it helping on Nord Stream