Bank of Korea Nominee Shin Hyun-song Calls for Flexible Monetary Policy Amid Iran War Risks 
RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
RBA's Hauser Flags Uncertainty on Rate Settings Amid Iran War Economic Risks 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- United Kingdom: BRC shop price index up 0.1 percent y/y in November.
- Australia: Construction work done in the third quarter is down 2.8 percent.
Upcoming:
- Germany: GFK consumer confidence report will be released at 7:00 GMT.
- France: Q3 GDP report will be released at 7:45 GMT.
- United Kingdom: Bank stress test report might be released today by BoE. BoE governor Carney is set for a speech at 16:45 GMT.
- Italy: PPI inflation report will be released at 9:00 GMT.
- Eurozone: Private loans and money supply statistics will be released at 9:00 GMT.
- Switzerland: Zew survey report will be released at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 12:00 GMT. Q3 GDP report will be released at 13:30 GMT, along with October goods balance report, and followed by new home sales report at 15:00 GMT. EIA will release weekly crude oil inventory report at 15:30 GMT. Fed’s Powell is set for a speech at 17:00 GMT.
- Japan: October retail trade report will be released at 23:50 GMT.
