Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge 
Singapore Raises 2026 GDP Growth Forecast as AI Demand Fuels Economy 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Gold Price Hits Two-Month High as Investors Await US Inflation Data 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
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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