RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
RBA Holds Rates but Warns of Rising Inflation Pressures 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
Lots of economic data and events scheduled for today but all with low to medium volatility risks associated.
Data released so far:
- Australia: TD securities inflation up 0.3 percent in October, up 2.6 percent from a year ago. ANZ job advertisement up 1.4 percent in September.
- New Zealand: RBNZ inflation expectations up 2 percent in the third quarter, down from 2.1 percent in the second.
Upcoming:
- Germany: Factory orders for September will be reported at 7:00 GMT.
- Spain: Markit services PMI for October will be reported at 8:15 GMT.
- Switzerland: Consumer inflation report will be released at 8:15 GMT.
- Italy: Markit services PMI for October will be reported at 8:45 GMT.
- France: Markit services PMI for October will be reported at 8:50 GMT.
- Germany: Markit services PMI for October will be reported at 8:55 GMT.
- Eurozone: Markit services PMI for October will be reported at 9:00 GMT, followed by sentix investor confidence and producer price inflation for September.
- United States: Fed Chair Janet Yellen’s speech is scheduled at 13:00 GMT. Fed’s William Dudley will speak at 17:00 GMT.
- Canada: IVEY PMI for October will be reported at 15:00 GMT.
- Australia: AiG construction index for October will be updated at 22:30 GMT.
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