EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Lots of economic data and events scheduled for today and all with low to medium risks associated.
Data released so far:
- United Kingdom: BRC shop price down 0.1 percent y/y in November.
Upcoming:
- Switzerland: UBS consumption indicator will be updated at 7:00 GMT.
- France: Third-quarter GDP numbers will be published at 7:45 GMT.
- Spain: HICP inflation report will be released at 8:00 GMT.
- Portugal: Consumer and business confidence report will be released at 9:30 GMT. Third quarter GDP numbers will be released at 11:00 GMT.
- United Kingdom: M4 money supply details will be released at 9:30 GMT, along with consumer credit and mortgage approvals data.
- Eurozone: Sentiment reports will be published at 10:00 GMT.
- Germany: HICP inflation report will be released at 13:00 GMT. Bundesbank president Weidmann is set to speak at 17:00 GMT.
- United States: Third-quarter GDP data will be released at 13:30 GMT. Fed’s William Dudley is scheduled to speak at 13:30 GMT. Pending home sales report will be released at 15:00 GMT. Fed’s Yellen is set to testify at 15:00 GMT. EIA will release crude oil inventory report at 15:30 GMT.
- New Zealand: Building permits for October will be released at 21:45 GMT.
- Japan: Industrial production report will be released at 23:50 GMT.
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