RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Lots of economic dockets and events scheduled for today but all with low to medium volatility risks associated.
Data released so far:
- New Zealand: ANZ commodity prices rose by 2.7 percent in November.
- Australia: TD securities inflation rose by 0.1 percent in November, up 1.5 percent from a year ago. Companies’ gross operating profit rose by 1 percent in the third quarter.
- China: Caixin services PMI rose to 53.1 in November.
Upcoming:
- Japan: Consumer confidence number for December will be reported at 5:00 GMT.
- Spain: Industrial output for October will be announced at 8:00 GMT, followed by Markit services PMI at 8:15 GMT.
- Italy: Markit services PMI report will be released at 8:45 GMT.
- France: Services PMI report is scheduled to be released at 8:50 GMT.
- Germany: Services PMI at 8:55 GMT.
- United Kingdom: Markit services PMI number will be reported at 9:30 GMT.
- United States: Markit services PMI will be released at 14:45 GMT, followed by ISM non-manufacturing PMI at 15:00 GMT. Fed’s Dudley is scheduled to speak at 13:30 GMT, followed by Evans at 14:25 GMT, and Bullard at 19:00 GMT.
