Asian Stocks Steady as Iran War Concerns Persist Ahead of Trump-Xi Summit 
U.S. Urges China to Help Curb Iran’s Actions in Gulf, Rubio Says 
Gold Prices Hold Steady as Investors Monitor U.S.-Iran Tensions and Trump-Xi Summit 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
US, Japan Reaffirm Strong Currency Coordination Amid Yen Volatility 
Asian Currencies Hold Steady as Strong U.S. Inflation Data Boosts Dollar 
New Zealand Budget 2026 Focuses on Fiscal Discipline and Infrastructure Investment 
Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
Trump Pushes China Market Access During High-Stakes Xi Summit 
Japan Considers Extra Budget Aid Amid Rising Fuel and Utility Costs 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: Unemployment rate declined to 5.5 percent in September as employment rose by 19,800.
- China: Retail sales grew 10.3 percent y/y in September. Industrial production is up 6.6 percent y/y. GDP grew by 1.7 percent in the third quarter, up 6.8 percent from a year ago.
- Japan: All industry activity index grew 0.1 percent in August.
Upcoming:
- Switzerland: September trade balance report will be published at 6:00 GMT.
- United Kingdom: September retail sales report will be released at 8:30 GMT.
- Eurozone: European Council meeting today.
- United States: Weekly jobless claims report will be published at 12:30 GMT, along with Philadelphia Fed manufacturing survey report. Fed’s Esther George is scheduled to speak at 13:30 GMT. EIA will release natural gas inventory report at 14:30 GMT.
- Auction: Spain will auction 3-year, 10-year, and 30-year bonds today. The UK will auction 10-year bond today.
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