Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 
Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Brazil Meat Exports Weather Iran War Disruptions With Rerouted Shipments 
Iran Allows Oil Tankers Through Strait of Hormuz Amid U.S. Negotiations 
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
Australia's Energy Crisis: Free Public Transport as Fuel Shortages Bite 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Google's TurboQuant Sends South Korean Chip Stocks Tumbling Amid AI Memory Demand Fears 
Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth 
China Opens Door to Stronger U.S. Trade Ties Amid Rising Tensions 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI improves to 54.2 in November from 53.6
- Australia: Employment rose by 61,600 in November and unemployment rate at 5.4 percent.
- China: Fixed asset investments up 7.2 percent y/y in November. Industrial production growth at 6.1 percent y/y. Retail sales up 10.2 percent y/y.
Upcoming:
- France: CPI inflation report will be released at 7:45 GMT. Flash manufacturing report will be released at 8:00 GMT.
- Spain: HICP inflation report for November will be released at 8:00 GMT.
- Switzerland: producer price inflation report will be released at 8:15 GMT. SNB will announce interest rate decision at 9:00 GMT.
- Germany: Flash manufacturing PMI report will be released at 8:30 GMT.
- Italy: Consumer price inflation report will be released at 9:00 GMT.
- Eurozone: Flash manufacturing PMI report will be released at 9:00 GMT
- United Kingdom: November retail sales report will be released at 9:30 GMT. BoE will announce interest rate decision at 12:00 GMT.
- Greece: Greece will release third quarter unemployment report at 10:00 GMT.
- Eurozone: ECB will announce interest rate decision at 12:45 GMT, followed by a press conference at 13:30 GMT.
- United States: Retail sales report will be released at 13:30 GMT, along with weekly jobless claims report and terms of trade report. Flash manufacturing PMI report will be released at 14:45 GMT. EIA will release weekly natural gas inventory report at 15:30 GMT.
- Canada: New house price index will be updated for the month of October at 13:30 GMT. BoC governor Poloz is set to speak at 17:25 GMT.
- New Zealand: Business PMI report for the month of November at 21:30 GMT.
- Japan: Tankan survey report will be published at 23:50 GMT.
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