RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
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.
