Core Viewpoint - The UK unemployment rate has risen to its highest level in five years, with wage growth slowing, leading to a decline in the pound and UK government bond yields [1][3]. Employment Data - In January 2026, the number of employees in the UK decreased by 0.4% year-on-year to 30.3 million, which is a reduction of 134,000 from January 2025 and a decrease of 11,000 from the previous month [2][5]. - The unemployment rate increased from 5.1% to 5.2% compared to the previous month [2][5]. Market Reactions - Following the employment data release, the pound fell by 0.5% against the dollar, closing at 1 pound to 1.356 dollars, and dropped 0.2% against the euro [2][5]. - The yield on UK government bonds decreased across the board, with the 10-year bond yield falling nearly 4 basis points to 4.367% and the 30-year bond yield also down by 4 basis points to 5.168% [3][6]. Stock Market Performance - The FTSE 100 index in London rose by 0.4% during afternoon trading [2][5]. - The broader European market showed mixed results, with the Stoxx 600 index hovering around the flat line, while the Italian FTSE MIB index increased by 0.5% and the German DAX index rose by 0.1% [1].

日本央行审议委员田村直树：预计今年工资增长将达到与2%物价目标相符的水平。潜在通胀正在逐步 上升，已非常接近达到并稳定在目标水平之上。对于我而言，决定日本央行价格目标是否达成的最后一 个关键因素在于，通胀是否已稳定在该目标水平之上。 ...

Market Performance - U.S. stocks showed mixed performance with the S&P 500 gaining approximately 0.1% on Wednesday, while the Dow decreased by 0.07% to 50,155.13 and the NASDAQ fell by 0.11% to 23,077.62 [1] - Energy shares increased by 2.4%, while communication services stocks declined by 1.5% [1] Employment Data - The U.S. economy added 130,000 jobs in January, significantly exceeding economist expectations of 70,000 and showing a strong acceleration from December's revised figure of 48,000 [2][8] - The unemployment rate unexpectedly dropped from 4.4% to 4.3%, compared to market expectations of remaining at 4.4% [2][8] Wage Growth - Average hourly earnings for private nonfarm employees rose by 15 cents, or 0.4%, to $37.17, marking an acceleration from December's 0.1% increase and surpassing expectations of 0.3% [3] Commodity Prices - In commodity markets, oil prices increased by 1.3% to $64.80, gold rose by 1.7% to $5,115.20, silver gained 5% to $84.41, and copper rose by 0.9% to $5.9660 [4]

分地区看，塔什干的工资水平最高，达到1075.38万苏姆（892.6美元）， 同比增长18.3%；纳沃伊州为787.16万苏姆（653.3美元），同比增长16.0%； 塔什干州为596.77万苏姆（495.3美元），同比增长16.9%。工资水平最低的三 个地州分别为：卡什卡达里亚州447.67万苏姆（371.6美元），同比增长 18.2%；苏尔汉河州448.18万苏姆（372.0美元），同比增长17.4%；费尔干纳 州473.02万苏姆（392.6美元），同比增长19.1%。 （原标题：2025年乌兹别克斯坦平均月工资同比增长18.9%） 分行业看，工资增长最快的是文化艺术、娱乐和休闲产业，同比增长 26.4%；教育行业增长20.1%；运输和仓储增长18.9%；信息与通信增长 15.8%；工业增长16.7%。银行、保险及金融领域平均月薪达1759.75万苏姆 （1460.6美元），继续位居各行业前列。 乌兹日报网1月26日援引国家统计委员会数据报道，2025年乌全国平均月 度名义工资为637.67万苏姆（约合529.3美元），同比增长18.9%，居民收入水 平持续提升。 ...

来源：金融界AI电报 美联储理事鲍曼：工资增长与2%的通胀率相符。 ...

Group 1 - The U.S. economy is showing high growth with declining inflation, as noted by Hassett, the director of the National Economic Council [2] - Wage growth is outpacing price growth, leading to significant tax refunds for American taxpayers next year [2] - There is considerable room for interest rate cuts by the Federal Reserve, according to Hassett [2] Group 2 - The current trading price of silver TD is reported at 15,107 yuan per kilogram, down 2.31% from the opening price of 15,420 yuan per kilogram [1] - The highest price reached today was 15,499 yuan per kilogram, while the lowest was 15,030 yuan per kilogram [1] - The Relative Strength Index (RSI) indicates a neutral to bearish state for silver TD, with support levels identified between 14,500 and 15,000, and resistance levels between 15,400 and 16,000 [2]

Group 1 - Average hourly earnings for all employees on private nonfarm payrolls increased by only 0.1% in November compared to the previous month, with year-over-year wage growth at 3.5%, which is below economists' expectations of 0.3% month-over-month growth and an annual rate of 3.6% [1] - The average workweek for all employees on private nonfarm payrolls rose slightly to 34.3 hours, an increase of 0.1 hour [2]

Core Viewpoint - The Bank of Japan is expected to raise its policy interest rate from 0.5% to 0.75% during the upcoming monetary policy meeting, marking the highest level in 30 years since 1995 [1][3]. Group 1: Economic Indicators - The quarterly Tankan survey indicates that confidence among large manufacturing firms in Japan has reached its highest level in four years, reinforcing market expectations for the Bank of Japan's imminent action [3]. - The market anticipates a 94% probability of an interest rate hike during the upcoming meeting, with expectations that rates could rise above 0.75% before the end of the current tightening cycle [4]. Group 2: Wage Growth Expectations - A report from the Bank of Japan reveals that most firms expect wage increases in the fiscal year 2026 to be consistent with the previous fiscal year, which had already seen significant wage growth [4][5]. - The labor shortage situation has led many companies to believe that maintaining wage growth similar to the previous year is necessary to retain employees and enhance work motivation [5].

Core Viewpoint - The employment cost index in the U.S. rose by 0.8% quarter-on-quarter in Q3, indicating a slowdown in labor demand and slow growth in worker income [1] Group 1: Employment Cost Index - The employment cost index increased by 0.8% in Q3, a deceleration compared to Q2 [1] - Year-on-year, the index rose by 3.5%, marking the smallest increase since Q2 2021 [1] Group 2: Labor Market Trends - Companies are generally slowing down their hiring pace, with some initiating layoffs [1] - The resignation rate is decreasing, and labor demand is expected to weaken further in the second half of 2025, leading to anticipated wage growth slowdown in 2026 [1] - Job vacancies in October were reported at 7.67 million, slightly above the 7.615 million from the previous year and 7.658 million in September, indicating a continued cooling trend in the labor market [1]

Core Viewpoint - The Bank of Japan is considering gradually tightening its monetary easing policy if economic activity and prices continue to develop as per its current outlook [1] Group 1: Economic Activity and Inflation - As per Akira Noguchi, a member of the Bank of Japan, sustainable and stable inflation requires steady demand expansion and continuous nominal wage growth, particularly in small businesses and regional economies [1] - The persistence of wage growth momentum will determine whether potential inflation can steadily progress towards the 2% target [1] Group 2: Price Trends and Supply Chain Issues - Although the overall CPI growth rate is expected to slow down, there is a warning about potential localized price increases, similar to the recent rise in rice and other food prices, due to supply-demand tensions prompting companies to pass on delayed cost increases [1] - The impact of U.S. tariffs on the Japanese economy has been limited so far [1]