Asian Stocks Surge to Record Highs as Wall Street Rally Offsets Oil Price Concerns 
New Zealand Labour Backs India Free Trade Deal, Boosting Chances of Parliamentary Approval 
Stock Futures Dip as S&P 500, Nasdaq Hit Record Highs Amid Rising U.S.-Iran Tensions 
Foreign Investors Drive Surge in Japanese Stocks Amid AI Rally and Improved Risk Sentiment 
Canada-USMCA Review 2026: No Collapse Expected Despite July 1 Deadline 
Bank of Japan Faces Rate Uncertainty Amid Middle East Oil Shock 
USDA Plans to Expand Farmer Surveys to Improve Crop Report Accuracy 
Australia Bans Card Payment Surcharges Starting October 2025 
New Zealand Economy Faces Short-Term Pressure but Recovery Remains on Track 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: National Australia bank’s business confidence index came at 8 in October and business conditions improved to 21 from 14.
- China: Urban investments up 7.3 percent y/y in October. Industrial production up 6.2 percent y/y. Retail sales up 10 percent y/y in October.
Upcoming:
- Germany: HICP inflation report will be released at 7:00 GMT, along with third-quarter GDP. ZEW economic survey report will be released at 10:00 GMT.
- Spain: HICP inflation report will be released at 8:00 GMT.
- United States: Fed’s Evans is scheduled to speak at 8:00 GMT. Fed’s Yellen is scheduled to speak at 10:00 GMT. NFIB will release business optimism index at 11:00 GMT. Fed’s Bullard is scheduled to speak at 13:15 GMT. Producer price inflation report will be published at 13:30 GMT
- Switzerland: Producer and import price inflation report will be released at 8:15 GMT.
- Italy: Third-quarter GDP report will be released at 9:00 GMT. Consumer price inflation report will be released at 10:00 GMT.
- Portugal: Third-quarter GDP report will be released at 10:00 GMT.
- United Kingdom: UK inflation report including RPI, PPI, CPI, and HPI will be released at 9:30 GMT. MPC member Cunliffe is scheduled to speak at 17:30 GMT.
- Eurozone: Third quarter flash GDP report will be released at 10:00 GMT. September industrial production report will be released at 10:00 GMT, along with Zew survey report on economic sentiment.
- Japan: Third quarter flash GDP report will be released at 23:50 GMT.
- Auction: Spain will auction 6-month and 12-month bills today. U.S. will auction n1-month bill at 16:30 GMT.
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