South Korea Warns Weak Won Could Push Inflation Higher in 2025 
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Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- New Zealand: ANZ commodity price index down 0.9 percent in November.
- United Kingdom: BRC like for like retail sales up 0.6 percent in November.
- Australia: Retail sales up 0.5 percent in October. Third quarter current account balance came at -9.1 billion. RBA kept monetary policy unchanged at today’s meeting with rates at 1.5 percent.
- China: Caixin services PMI rose to 51.9 in November.
Upcoming:
- Spain: Industrial output report will be released at 8:00 GMT, followed by Markit services PMI report at 8:15 GMT.
- Italy: Markit services PMI report will be released at 8:45 GMT.
- France: Markit services PMI report will be released at 8:50 GMT.
- Germany: Markit services PMI report will be released at 8:55 GMT.
- Eurozone: Markit services PMI report will be released at 9:00 GMT. October retail sales report will be released at 10:00 GMT.
- United Kingdom: Markit services PMI report will be released at 9:30 GMT.
- United States: October trade balance report will be released at 13:30 GMT. Markit services PMI report will be released at 14:45 GMT, followed by ISM non-manufacturing PMI at 15:00 GMT. TIPP economic optimism at 15:00 GMT.
- Canada: October trade balance report will be released at 13:30 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: U.S. will auction 1-month and 12-month bills at 16:30 GMT. Spain will sell 6-month and 12-month bonds today.
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