Bank of Japan Faces Rate Uncertainty Amid Middle East Oil Shock 
Asian Currencies Hold Steady Amid U.S.-Israel-Iran Tensions and BOJ Signals 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
U.S. Stock Futures Drop as Iran War Escalates, Oil Surges Past $115 
WTO Digital Trade Talks Stall as E-Commerce Tariff Deadline Looms 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
U.S. Treasury Eyes Private Credit Oversight Through Insurance Regulator Talks 
Brazil Meat Exports Weather Iran War Disruptions With Rerouted Shipments 
Gold Prices Inch Higher Amid U.S.-Iran War Tensions and Technical Rebound 
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
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.
