Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
Trump Questions USMCA Renewal as Trade Talks Continue 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
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.
