Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Lots of economic dockets scheduled for today but all with low to medium risks associated.
Data released so far:
- New Zealand: ANZ commodity prices grew 5.1 percent in September.
- Japan: Markit services PMI declined to 48.2 in September.
- Australia: Retail sales grew 0.4 percent in August.
Upcoming:
- Spain: Markit services PMI for September will be released at 7:15 GMT.
- Italy: Markit services PMI for September will be released at 7:45 GMT.
- France: Services and composite PMI will be reported at 7:50 GMT.
- Germany: Services and composite PMI due at 7:55 GMT.
- Eurozone: Services and composite PMI due at 8:00 GMT, followed by retail sales for August at 9:00 GMT.
- United States: MBA mortgage application will be reported at 11:00 GMT, followed by ADP employment report at 12:15 GMT and trade balance at 12:30 GMT. 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 weekly oil inventory report at 14:30 GMT.
- Auction: US will auction 5-year note at 17:00 GMT.
