Oil Prices Hold Above $100 Amid Strait of Hormuz Tensions and U.S.-Iran Uncertainty 
Italy Services PMI Nears Stabilization as Middle East Tensions Push Costs Higher 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
Asian Stocks Rise as South Korea Hits Record High on AI Chip Rally 
Iran Warns No Military Fix for Hormuz Crisis as Talks Show Progress 
Gold Prices Edge Higher Amid Middle East Tensions and Oil Market Volatility 
Oil Prices Slide as Middle East Tensions Ease and U.S. Crude Inventories Shrink 
Yen Surges After Suspected Japan Currency Intervention 
Asian Stocks Rally as Iran War Fears Ease and AI Boom Lifts South Korea 
It’s Monday and as usual, not many economic dockets scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI for October came at 51.7, a rise from 50.4 prior.
Upcoming:
- Japan: Leading economic index and co-incident index will be published at 5:00 GMT.
- France: Markit manufacturing and services PMI will be reported at 7:00 GMT.
- Germany: Markit manufacturing and services PMI will be reported at 7:30 GMT. Bundesbank will release its monthly report at 10:00 GMT.
- Italy: Trade balance report for September will be published at 8:00 GMT.
- Eurozone: Markit manufacturing and services PMI will be reported at 8:00 GMT.
- United Kingdom: CBI industrial trade survey report will be published at 10:00 GMT.
- Canada: Wholesale sales report for August will be published at 12:30 GMT.
- United States: Fed’s Tarullo is scheduled to speak at 13:05 GMT, along with William Dudley. Fed’s Evans is scheduled to speak at 17:30 GMT, followed by Jerome Powell at 18:00 GMT.
- Switzerland: SNB chairman Jordon is scheduled to speak at 15:15 GMT.
