Trump, Xi Begin High-Stakes China Summit Focused on Trade, Taiwan and Global Tensions 
Trump and Xi Temple of Heaven Visit Highlights Trade and Diplomacy Goals 
U.S. Urges China to Help Curb Iran’s Actions in Gulf, Rubio Says 
Trump Faces Uphill Battle Seeking China’s Help on Iran Conflict 
Asian Currencies Hold Steady as Strong U.S. Inflation Data Boosts Dollar 
Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks 
Rubio Discusses Iran Crisis and Strait of Hormuz Disruptions With UK and Australia 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
Wall Street Futures Rise Ahead of Trump-Xi Summit as Tech Stocks Lead Market Rally 
Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions 
Not many economic dockets scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: National Australia Bank’s business confidence rose to 5 in the third quarter. Full time employment declined by 53,000 and part time employment grew by 43,200. So net employment declined by 9,800. Unemployment rate came at 5.6 percent.
Upcoming:
- Germany: Producer price index for September will be released at 6:00 GMT.
- Switzerland: Trade balance for September will be released at 6:00 GMT.
- Eurozone: Current account for August will be released at 8:00 GMT. ECB will announce interest rate decision at 11:45 GMT, followed by press conference at 12:30 GMT.
- United Kingdom: Retail sales for report for September will be released at 8:30 GMT.
- United States: Weekly jobless claims report will be published at 12:30 GMT, followed by existing home sales report at 14:00 GMT. EIA will report on weekly natural gas inventories at 14:30 GMT.
- Auctions: Spain will auction 10 year bonds today.
