Japan’s Rising Inflation Strengthens Case for a Near-Term BOJ Rate Hike 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 
RBA Reassesses Pricing Behaviors and Policy Impact Amid Inflation Pressures 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectation declined to 3.6 percent in November, down from 4 percent in October. The unemployment rate unchanged at 5 percent in October, despite a 0.2 percent increase in the participation rate as the economy added 32,800 new jobs in the month.
- China: House price index rose to 8.6 percent y/y in October.
Upcoming:
- United Kingdom: Retail sales report will be released at 9:30 GMT. MPC member Tenreyro is set for a speech at 13:00 GMT.
- Eurozone: September trade balance report will be released at 10:00 GMT. ECB’s Praet is set for a speech at 13:10 GMT.
- United States: NY empire state manufacturing report will be released at 13:30 GMT, along with retail sales report, weekly jobless claims report, terms of trade report, and Philadelphia Fed manufacturing report. EIA will release weekly natural gas inventory report 15:30 GMT, followed by oil inventory report at 16:00 GMT. Fed’s Powell is set for a speech at 16:30 GMT, and Bostic at 18:00 GMT.
- New Zealand: Business PMI report will be released at 21:30 GMT.
