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European equity markets declined, with DAX dropping 1.2%, while UK FTSE 100 rose slightly.

European markets declined; Stoxx 600 fell 1.0%, DAX 1.2%, while FTSE 100 gained 0.2% amid tariff concerns.

According to the US Department of Labor, applications for unemployment insurance reached 242,000 last week.

Jobless claims rose to 242,000, exceeding expectations, while continuing claims declined to 1.862 million amid economic shifts.

The AUDUSD experiences its largest drop in 2025 due to tariff worries affecting traders today.

AUDUSD drops 0.9% after Trump’s tariffs; key support at 0.62474, with potential downside to 0.62097.

In January, the US Census Bureau reported a 3.1% increase in durable goods orders, reaching $286 billion.

Durable Goods Orders rose 3.1% in January, driven by transportation equipment, exceeding expectations but barely impacting USD.

Ueda stated that US policy developments will influence Japan’s monetary decisions amid global uncertainty.

BOJ’s Ueda emphasized tariff uncertainties, stressing their impact on economies and policy decisions while avoiding rate discussions.

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