Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
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.
