EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
It’s Monday and as usual, not many economic dockets scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI for October came at 51.7, a rise from 50.4 prior.
Upcoming:
- Japan: Leading economic index and co-incident index will be published at 5:00 GMT.
- France: Markit manufacturing and services PMI will be reported at 7:00 GMT.
- Germany: Markit manufacturing and services PMI will be reported at 7:30 GMT. Bundesbank will release its monthly report at 10:00 GMT.
- Italy: Trade balance report for September will be published at 8:00 GMT.
- Eurozone: Markit manufacturing and services PMI will be reported at 8:00 GMT.
- United Kingdom: CBI industrial trade survey report will be published at 10:00 GMT.
- Canada: Wholesale sales report for August will be published at 12:30 GMT.
- United States: Fed’s Tarullo is scheduled to speak at 13:05 GMT, along with William Dudley. Fed’s Evans is scheduled to speak at 17:30 GMT, followed by Jerome Powell at 18:00 GMT.
- Switzerland: SNB chairman Jordon is scheduled to speak at 15:15 GMT.
