ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: RBA kept the policy rate unchanged at 150 bps at today’s meeting. Q3 current account balance came at -$10.7 billion.
Upcoming:
- France: October budget details will be released at 7:45 GMT.
- Spain: November unemployment change report will be released at 8:00 GMT.
- Switzerland: CPI inflation report will be released at 8:15 GMT.
- United Kingdom: ECJ might release its opinion on Brexit case today. BoE’s governor Carney is set for a speech at 9:15 GMT. Construction PMI report will be released at 9:30 GMT. MPC member Vlieghee is set for a speech at 18:00 GMT.
- Eurozone: PPI inflation report for the month of October will be released at 10:00 GMT. Expected 4.5 percent y/y.
- Canada: Q3 labor productivity report will be released at 13:30 GMT.
- United States: ISM New York report will be released at 14:45 GMT. FOMC member Williams is set for a speech at 15:00 GMT.
- Auction: U.S. will auction 1-month, and 12-month bills at 16:30 GMT.
