Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
US Stock Futures Slip as Iran Tensions and Hot Inflation Data Pressure Wall Street 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
Asian Stocks Edge Higher as Tech Shares Rise Ahead of Trump-Xi Beijing Summit 
Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 
Asian Currencies Steady as Trump-Xi Summit, Inflation Concerns Boost Dollar 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
Trump Faces Uphill Battle Seeking China’s Help on Iran Conflict 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings rose by 0.1 percent y/y in October.
- United Kingdom: BRC retail sales figure for October rose by 0.6 percent y/y.
- Australia: Third quarter current account deficit came at 11.4 billion. RBA kept interest rate steady at 1.5 percent.
Upcoming:
- Germany: Factory orders for October will be published at 7:00 GMT.
- Switzerland: Consumer price inflation report will be published at 8:15 GMT.
- Eurozone: Third quarter GDP number will be published at 10:00 GMT.
- United States: October trade balance will be published at 13:30 GMT, along with unit labor cost for third quarter and non-farm productivity, followed by factory orders report at 15:00 GMT. TIPP economic optimism report will be published at 15:00 GMT.
- Canada: October trade balance report will be published at 13:30 GMT, followed by IVEY PMI at 15:00 GMT.
- New Zealand: manufacturing sales report for third quarter will be published at 21:45 GMT. Global dairy auction is scheduled today. RBNZ governor Wheeler is scheduled to speak at 22:00 GMT.
- Australia: AiG performance of construction index will be published at 22:30 GMT.
