U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
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.
