Fed’s Hammack Says More Data Needed Before Next Rate Move 
Asian Stocks Plunge as AI Chip Selloff Hits South Korea and Japan 
US Dollar Rises for Fourth Week as Fed Rate Hike Bets Grow 
IMF Maintains 2027 Global Growth Forecast at 3.4% Amid Rising Risks 
S&P 500 Rally Masks Losses for Over 40% of Stocks in 2026 
RBA Signals More Rate Hikes as Inflation Risks Rise 
Fed's Hammack Urges Faster Rate Hikes to Fight Inflation 
Trump Defends Russian Diesel Deal Amid US Sanctions Backlash 
Global Stocks Mixed as Oil Falls Ahead of US Earnings 
Oil Prices Fall as Russia Signals Higher Diesel Exports 
RBI Rate Hike Bets Surge as Inflation Rises 
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
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Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings rose by 0.1 percent y/y in October.
- United Kingdom: BRC retail sales figure for October rose by 0.6 percent y/y.
- Australia: Third quarter current account deficit came at 11.4 billion. RBA kept interest rate steady at 1.5 percent.
Upcoming:
- Germany: Factory orders for October will be published at 7:00 GMT.
- Switzerland: Consumer price inflation report will be published at 8:15 GMT.
- Eurozone: Third quarter GDP number will be published at 10:00 GMT.
- United States: October trade balance will be published at 13:30 GMT, along with unit labor cost for third quarter and non-farm productivity, followed by factory orders report at 15:00 GMT. TIPP economic optimism report will be published at 15:00 GMT.
- Canada: October trade balance report will be published at 13:30 GMT, followed by IVEY PMI at 15:00 GMT.
- New Zealand: manufacturing sales report for third quarter will be published at 21:45 GMT. Global dairy auction is scheduled today. RBNZ governor Wheeler is scheduled to speak at 22:00 GMT.
- Australia: AiG performance of construction index will be published at 22:30 GMT.
