J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Bank of Japan Signals Rate Flexibility Amid Yen Volatility 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
Australia's Energy Crisis: Free Public Transport as Fuel Shortages Bite 
Bank of Japan Holds Rates Steady Amid Iran War Inflation Fears 
Bessent: Global Oil Market Well Supplied as U.S. Eyes Hormuz Navigation Control 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Aluminum Prices Surge Toward Four-Year Highs After Gulf Smelter Strikes 
Asian Currencies Hold Steady Amid U.S.-Israel-Iran Tensions and BOJ Signals 
Not many economic dockets and events scheduled for today and all with low to medium risks associated.
Data released so far:
- China: House price index rose by 12.3 percent y/y in October.
- New Zealand: Retail sales for third quarter grew by 0.9 percent.
Upcoming:
- Germany: Producer price index for October will be released at 7:00 GMT. German Bundesbank president Weidmann is scheduled to speak at 10:30 GMT.
- Eurozone: Current account for September will be released at 9:00 GMT. ECB president Draghi is scheduled to speak at 8:00 GMT.
- United Kingdom: MPC member Broadbent is scheduled to speak at 9:10 GMT.
- United States: Fed’s Bullard is scheduled to speak at 10:30 GMT, followed by William Dudley and Esther George at 14:30 GMT. Kansas Fed manufacturing index will be published at 16:00 GMT.
- Canada: Consumer price inflation for October will be released at 13:30 GMT.
- New Zealand: Producer price index for third quarter will be released at 21:45 GMT, along with retail sales data.
