RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts 
Brazil Meat Exports Weather Iran War Disruptions With Rerouted Shipments 
WTO Digital Trade Talks Stall as E-Commerce Tariff Deadline Looms 
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 
Dollar Strengthens as U.S.-Iran Peace Talks Send Mixed Signals 
WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions 
Oil Prices Surge Past $100 as U.S.-Iran Peace Hopes Collapse 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: Unemployment rate declined to 5.5 percent in September as employment rose by 19,800.
- China: Retail sales grew 10.3 percent y/y in September. Industrial production is up 6.6 percent y/y. GDP grew by 1.7 percent in the third quarter, up 6.8 percent from a year ago.
- Japan: All industry activity index grew 0.1 percent in August.
Upcoming:
- Switzerland: September trade balance report will be published at 6:00 GMT.
- United Kingdom: September retail sales report will be released at 8:30 GMT.
- Eurozone: European Council meeting today.
- United States: Weekly jobless claims report will be published at 12:30 GMT, along with Philadelphia Fed manufacturing survey report. Fed’s Esther George is scheduled to speak at 13:30 GMT. EIA will release natural gas inventory report at 14:30 GMT.
- Auction: Spain will auction 3-year, 10-year, and 30-year bonds today. The UK will auction 10-year bond today.
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