Treasuries sell off as Fed official cools hype on rapid rate cuts

Events: China’s National Bureau of Statistics announces population data for 2023.

Economic indicators: China releases a raft of key data, including fourth-quarter gross domestic product growth and December figures for house prices, industrial production and retail sales. Premier Li Qiang told an audience at Davos on Tuesday that the country’s economy grew about 5.2 per cent last year. In Japan, the Reuters Tankan index for January is released and Singapore announces non-oil exports for December. Japan National Tourism Organization is expected to release full-year visitor numbers for 2023.

Corporate updates: India’s Larsen & Toubro Infotech, Zee Entertainment Enterprises and Asian Paints announce results.

BP has decided to appoint interim boss Murray Auchincloss as its permanent chief executive, with the energy company expected to announce the move as early as Wednesday, according to people familiar with the matter.

The selection of Auchincloss, BP’s former chief financial officer, ends months of uncertainty following the abrupt resignation of Bernard Looney in September for failing to disclose past relationships with colleagues.

BP conducted an internal and external search for Looney’s replacement and has once again decided to promote someone from within the business. BP has never hired a chief executive from outside the company in its 113-year history.

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Boeing has named a retired Navy admiral, Kirkland Donald, to lead an independent review of its quality management systems as the US plane maker tries to stem the fallout from a damaging breach in the fuselage of an Alaska Airlines aircraft 11 days ago. 

The company said Donald and a team of “outside experts” would provide recommendations to chief executive…