OVERVIEW
- UK construction activity almost stalls in January.
- US consumer sentiment rises in January.
- Global equity markets are down as interest rates rise.
- Bitcoin and other cryptocurrencies are down 20%.
HIGHLIGHT
The US Dollar is higher against all its major counterparts after the US employment report showed another solid month of job creation last month, and wage growth accelerated more than expected. Average earnings rose 2.9% compared to the year previous, the fastest pace since 2009.