Israeli artillery shelling reported in central Gaza, via Al Jazeera news

The reported artillery shelling in central Gaza may escalate tensions in the region, impacting market sentiment broadly.

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French HCOB Composite PMI Final (Jan) 49.1 vs. Exp. 48.6 (Prev. 50)

French HCOB Services PMI Final (Jan) 48.4 vs. Exp. 47.9 (Prev. 50.1)

Israeli artillery shelling reported in central Gaza, via Al Jazeera news

Italian HCOB Services PMI (Jan) 52.9 vs. Exp. 51.4 (Prev. 51.5)

Italian HCOB Composite PMI (Jan) 51.4 (Prev. 50.3)

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Typically, such geopolitical events can lead to increased demand for safe-haven assets like gold and the JPY, while negatively affecting regional equities and commodities like oil. Keep an eye on movement in USD and other currencies as traders react to any developments in this ongoing situation.

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