RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Not many economic dockets and events scheduled for today and all with low to high risks associated.
Data Released so far:
- China: Urban investments grew 8.3 percent from a year ago. Industrial production grew 6.1 percent in October. Retail sales grew 10 percent from a year ago.
Upcoming:
- Japan: Industrial production number for September will be released at 4:30 GMT.
- Switzerland: Producer and import prices for October will be reported at 8:15 GMT.
- Italy: Consumer price inflation figures for October will be published at 9:00 GMT.
- Greece: Third quarter flash GDP number will be released at 10:00 GMT.
- Eurozone: Industrial production figure for September will be released at 10:00 GMT. ECB president Mario Draghi is scheduled to speak at 15:00 GMT.
- New Zealand: Third quarter retail sales figure will be published at 21:45 GMT.
- United States: Fed’s Lacker is scheduled to speak at 22:00 GMT and Williams is scheduled to speak at 23:30 GMT.
- Australia: Westpac leading economic index for October will be published at 23:30 GMT.
- Auction: US will auction 3-month and 6-month bills at 16:30 GMT.
