U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
Nikkei Retreats After Brief 60,000 Break as Profit-Taking and Geopolitical Risks Weigh 
U.S.-Iran Conflict Stalls as Diplomatic Efforts Collapse and Global Oil Tensions Rise 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
U.S.-Iran Tensions Escalate as Strait of Hormuz Crisis Disrupts Global Oil Markets 
Oil Prices Rise as U.S.-Iran Tensions and Strait of Hormuz Disruptions Persist 
Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Gold Prices Edge Higher on Weak Dollar but Face Weekly Loss Amid Oil-Driven Inflation Fears 
USDA Plans to Expand Farmer Surveys to Improve Crop Report Accuracy 
Lots of data and events today and some with high risks associated.
Data released so far:
- Australia: Trade balance for September came at -1.23 billion. Imports declined by 1 percent, while exports are up by 2 percent.
- New Zealand: ANZ commodity prices grew 0.7 percent in October.
- China: Services PMI grew to 52.4 in October, up from 52 in September.
Upcoming:
- Switzerland: Fourth quarter consumer climate data will be published at 6:45 GMT.
- Spain: Unemployment change for October will be published at 7:00 GMT.
- Italy: Unemployment report for September will be published at 9:00 GMT.
- Eurozone: Economic bulletin will be published at 9:00 GMT, followed by unemployment report at 10:00 GMT.
- United Kingdom: Markit services PMI report will be published at 9:30 GMT. BoE will announce interest rate decision at 12:00 GMT.
- United States: Challenger jobs report will be published at 11:30 GMT, followed by initial jobless claims report and unit labor costs for the third quarter. Markit services PMI report will be published at 13:45 GMT, followed by ISM non-manufacturing PMI report at 14:00 GMT. EIA will release its weekly natural gas inventory report at 14:30 GMT, which will be followed by factory orders data at 15:00 GMT.
