Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Lots of economic data and events scheduled for today and all with high volatility risks associated.
Data released so far:
- China: Trade balance declined to $28.74 billion in September as exports grew by 8.1 percent y/y and imports grew by 18.7 percent y/y.
Upcoming:
- Germany: CPI inflation report will be released at 6:00 GMT.
- Switzerland: Producer and import price report will be released at 7:15 GMT.
- Italy: Consumer price inflation report will be released at 8:00 GMT.
- United States: CPI inflation report will be released at 12:30 GMT, along with September retail sales report. Fed’s Rosengren is set to speak at 12:30 GMT, Evans at 14:25 GMT, Kaplan at 15:30 GMT, and Powell at 17:00 GMT. Michigan consumer sentiment report will be released at 14:00 GMT.
- Eurozone: ECB’s Vitor Constancio to speak at 14:15 GMT.
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