OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
New Zealand Budget 2026 Focuses on Fiscal Discipline and Infrastructure Investment 
Oil Prices Slip as Strait of Hormuz Disruptions and U.S. Inventory Data Keep Markets on Edge 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Asian Currencies Slide as Indian Rupee Hits Record Low Amid Iran Tensions 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 
Asian Stocks Edge Higher as Tech Shares Rise Ahead of Trump-Xi Beijing Summit 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations 
Lots of economic dockets and events scheduled for today and some with high risks associated.
Data released so far:
- Australia: Net employment rose by 9,800 and unemployment rate remained at 5.6 percent.
- China: Foreign direct investments rose by 4.2 percent y/y in October.
Upcoming:
- France: Third quarter ILO unemployment report will be released at 6:30 GMT.
- Italy: Trade balance report for September will be released at 9:00 GMT.
- United Kingdom: Retail sales report for October will be released at 9:30 GMT.
- Eurozone: Consumer price inflation data will be published at 10:00 GMT. ECB will release minutes at 12:30 GMT. ECB’s Praet is scheduled to speak at 21:45 GMT.
- United States: Consumer inflation statistics will be revealed at 13:30 GMT, along with Building permits, Housing starts, Philadelphia Fed manufacturing survey, and weekly jobless claims report. Fed’s William Dudley is scheduled to speak at 13:50 GMT. Fed’s Yellen is scheduled to testify before congress at 15:00 GMT. EIA will release weekly natural gas inventory report at 15:30 GMT.
- New Zealand: Producer price index for the third quarter will be released at 21:45 GMT.
- Auctions: Spain will auction 3, 5, and 10-year bond today. UK will auction 30-year bond.
