United States:
U.S. Patience With China Wears Thin as Trade-Deal Pledges Unmet
“The U.S. is losing patience with China after the nation failed to meet its purchase commitments under their trade agreement reached during the Trump administration, according to American officials. The U.S. has engaged with China’s government on the shortfalls, but hasn’t seen any real signs of the nation making good on its commitments over the last several months, the officials said, asking not to be named without permission to speak publicly.”
Europe:
Europe’s Hottest Housing Boom May Prompt Bigger Hike in Iceland
“Iceland’s central bank might be about to ratchet up its response to stubbornly high inflation spurred by Europe’s fastest-rising house prices. Policy makers in Reykjavik will probably raise the seven-day term deposit rate by 75 basis points to 2.75% on Wednesday, the biggest increase since the benchmark was adopted in 2014, according to analysts at the nation’s two largest lenders, Landsbankinn and Islandsbanki.”
Asia:
Japan Merchants’ Mood Tanks Most Since 2011 Quake on Omicron Hit
“The mood among Japanese merchants tanked in January, plunging the most since the March 2011 tsunami disaster as the rapid spread of the omicron variant led to record numbers of infections. A gauge of sentiment among store managers, taxi drivers and others who deal directly with Japanese consumers slid 19.6 points to 37.9 last month, the Cabinet Office’s Economy Watchers survey showed Tuesday. A below-50 reading indicates pessimists outnumber optimists.”
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