Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Lots of economic dockets scheduled for today and some with high risks associated.
Data released so far:
- China: Retail sales in September grew by 10.7 percent y/y. Industrial production growth declined to 6.1 percent. Urban investments grew by 8.2 percent y/y in September. GDP grew by 1.8 percent in the third quarter.
Upcoming:
- United Kingdom: ILO unemployment report will be published at 8:30 GMT.
- Eurozone: Construction output report for August will be released at 9:00 GMT.
- United States: MBA mortgage application data is scheduled for release at 11:00 GMT, followed by Housing starts change and Building permits for September at 12:30 GMT. FOMC member Williams is scheduled to speak at 12:45 GMT. EIA will release crude oil inventory report at 14:30 GMT. Fed will release Biege Beige book report at 18:00 GMT.
- Canada: BoC will announce its monetary policy decision at 14:00 GMT.
- Auction: UK will auction 10 year bond today.
