RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
Asian Stocks Steady as Iran War Concerns Persist Ahead of Trump-Xi Summit 
Oil Prices Slip as Strait of Hormuz Disruptions and U.S. Inventory Data Keep Markets on Edge 
US Stock Futures Slip as Iran Tensions and Hot Inflation Data Pressure Wall Street 
US-China Trade Talks Begin in South Korea Ahead of Trump-Xi Beijing Summit 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Wage price index rose 0.5 percent in the third quarter, up 2 percent from a year ago.
- China: FDI up 1.9 percent y/y in October.
- Japan: Industrial production down 1 percent in September, up 2.6 percent from a year ago.
Upcoming:
- France: Consumer price inflation report will be released at 7:45 GMT.
- United States: Fed’s Evans is scheduled to speak at 8:00 GMT. MBA mortgage applications report will be released at 12:00 GMT, followed by New York Empire State manufacturing report, Consumer price inflation report, and October retail sales report at 13:30 GMT. EIA will release weekly crude oil inventory report at 15:30 GMT. U.S. Treasury will report treasury securities inflow report for September.
- United Kingdom: ILO unemployment report will be released at 9:30 GMT. MPC member Haldane is scheduled to speak at 17:30 GMT.
- Eurozone: September trade balance report will be released at 10:00 GMT.
