RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Lots of economic data and events scheduled for today but all with low to medium volatility risks associated.
Data released so far:
- Japan: Labor cash earnings up 0.9 percent y/y in September.
- United Kingdom: BRC like for like retail sales down 1 percent in October.
- Australia: RBA kept monetary policy unchanged.
Upcoming:
- Germany: Industrial production for September will be reported at 7:00 GMT.
- France: September budget details will be published at 7:45 GMT.
- Switzerland: September Forex reserve details will be released at 8:00 GMT.
- United Kingdom: Halifax house price index for October will be reported at 8:30 GMT. NIESR will release GDP estimate at 15:00 GMT.
- Italy: Retail sales report for September will be reported at 9:00 GMT.
- United States: JOLTS jobs report for September will be reported at 15:00 GMT, along with TIPP economic optimism. Consumer credit report will be published at 20:00 GMT.
- Canada: BoC governor Poloz is scheduled to speak at 17:55 GMT.
- New Zealand: Global dairy auction is scheduled today.
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