RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty 
U.S. Stock Futures Fall as Iran Tensions Escalate and Oil Prices Surge 
Oil Prices Surge Amid U.S.-Iran Tensions and Strait of Hormuz Disruptions 
US Dollar Slips Amid Iran Tensions and Fed Leadership Uncertainty 
Australia Bans Card Payment Surcharges Starting October 2025 
Oil Prices Surge as U.S.-Iran Tensions Escalate and Strait of Hormuz Closes 
Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further 
Morgan Stanley Warns Against Overestimating EV Demand Boost from Rising Oil Prices 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
USMCA Talks Set to Resume as Mexico Signals New Round of Trade Negotiations 
Gold Prices Drop as Oil Rally and U.S.-Iran Tensions Shake Markets 
Sizable numbers of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- United Kingdom: GFK consumer confidence for December marginally improved to -7 from -8 in the previous month.
- New Zealand: M3 money supply rose by 5.9 percent y/y in November.
Upcoming:
- Germany: Import price index data for November will be reported at 7:00 GMT.
- Italy: Industrial sales and orders numbers for October will be declared at 9:00 GMT.
- Eurozone: ECB will publish economic bulletin at 9:00 GMT, followed by retail sales report for October at 10:00 GMT.
- United States: Chicago Fed national activity index for November will be released at 13:30 GMT, along with personal income/spending report, durable goods report, and third quarter GDP report. EIA will release its weekly natural gas inventory report at 15:30 GMT. Kansas Fed will release the manufacturing activity report at 16:00 GMT.
- Canada: Retail sales report for October will be announced at 13:30 GMT, along with consumer price inflation numbers for November.
