BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Lots of economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- United Kingdom: RICS house price balance up 1 percent in October.
- Australia: Investment lending for homes down 6.2 percent in September. Home loans down 2.3 percent.
- China: Consumer price inflation up 1.9 percent y/y in October. Producer price inflation is up 6.9 percent y/y.
Upcoming:
- Japan: Eco Watchers’ survey report will be released at 5:00 GMT.
- Switzerland: Unemployment report for October will be released at 6:45 GMT. SNB chairman Jordon is set for a speech at 16:30 GMT.
- Germany: September trade balance report will be released at 7:00 GMT. Bundesbank President Weidmann is set for a speech at 18:00 GMT.
- Greece: Industrial production, CPI inflation, and unemployment report will be released at 10:00 GMT.
- Eurozone: European Commission will release economic growth forecast at 10:00 GMT. ECB Vice President Vitor Constancio to speak at 13:45 GMT, and member Sabine Lautenschläger at 18:20 GMT.
- Portugal: September trade balance and Q3 unemployment report will be released at 11:00 GMT.
- United Kingdom: NIESR will release GDP estimate at 13:00 GMT.
- United States: Weekly jobless claims report will be released at 13:30 GMT. EIA will release weekly natural gas inventory report at 14:30 GMT.
- New Zealand: Electronic card retail sales report will be released at 21:45 GMT.
- Canada: New house price index will be updated at 13:30 GMT.
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