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January 20, 2026

Euro traded at 1.1733 against USD at 9:00 AM PST
Italy's current account deficit decreased in November compared to the same month in the previous year, the Bank of Italy reported on Tuesday. The current account gap narrowed to EUR 1.3 billion from EUR 2.2 billion in the previous year. The goods surplus rose to EUR 4.7 billion from EUR 3.4 billion. At the same time, the shortfall in services trade narrowed somewhat to EUR 2.18 billion from EUR 2.21 billion.
The primary income balance showed a deficit of EUR 3.0 billion, up from EUR 2.7 billion. The shortfall in secondary income increased to EUR 807 million from EUR 626 million. The capital account balance showed a surplus of EUR 510 million in November versus EUR 376 million in the previous year. At the same time, the financial account turned to a shortfall of EUR 9.5 billion from a EUR 6.4 billion surplus in November 2024.
In the twelve months ending in November, the current account surplus came in at EUR 27.0 billion, equivalent to 1.2% of GDP, compared to a surplus of EUR 23.8 billion in the corresponding period of 2024. 01/20/2026 - 06:32:00 (RTTNews)
German economic sentiment strengthened at the beginning of the year to the highest level in four-and-a-half years. The economic sentiment index rose to 59.6 in January from 45.8 in the previous month, reaching the highest since July 2021. The assessment of the current economic situation also improved, with the corresponding index rising to -72.7 from -81.0 in December.
Despite the announcement of additional tariffs by the U.S. last weekend, the export-oriented industries are showing significant improvements, especially steel and industry as well as mechanical engineering.
Additionally, the Mercosur agreement is likely to have improved the outlook for export-intensive industries, although the unpredictable U.S. trade policy continues to be an additional burden on the German export economy. The EU and Mercosur (Argentina, Brazil, Paraguay, Uruguay) signed a landmark Association Agreement in January 2026, creating the world's largest free trade area, aiming to eliminate tariffs on most goods, boost investment, and promote sustainable development after decades of negotiations.
The eurozone economic confidence index advanced 7.1 points to 40.8 in January. Similarly, the current situation index rose to -18.1 from -28.5. 01/20/2026 - 05:53:00 (RTTNews)
British Pounds traded at 1.3458 against USD at 9:00 AM PST
The U.K. unemployment rate remained stable in the three months to November. The jobless rate was at 5.1%, unchanged from the three months to October. Average earnings excluding bonuses posted an annual growth of 4.5. Including bonuses, earnings grew 4.7% from last year.
During October to December, vacancies showed an increase of 10,000 to 734,000 compared with the July to September period. The number of working days lost due to labor disputes reached 155,000 in November, the highest since January 2024. 01/20/2026 - 02:25:00 (RTTNews)
Taiwan's export orders logged accelerated growth for the second straight month in December. Export orders climbed 43.8% year-over-year in December, faster than the 39.5% rise in November.
Orders for information and communication products grew the most, by 88.1%, followed by orders for electronic products, which advanced by 39.9%. Foreign orders for mineral products rose by 22.2%, while those of textile products declined by 13.5%. Monthly, export orders rose 4.4% versus a 7.6% growth in November.
During the year 2025, total export orders grew 26.0% compared to the previous year. In New Taiwan dollar terms, export orders expanded 38.6% annually, and they increased by 5.1% monthly in December. 01/20/2026 - 03:45:00 (RTTNews)
Hong Kong's unemployment rate held steady in the October-December period. The seasonally adjusted unemployment rate came in at 3.8% in October to December, the same as in the September-November period.
The underemployment rate rose from 1.6% to 1.7%. Without adjustment, the unemployment rate dropped to 3.6% from 3.8%. The number of unemployed people was 138,200, compared to 144,400 in the September-November period. 01/20/2026 - 06:42:00 (RTTNews)
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