Japan’s Rising Inflation Strengthens Case for a Near-Term BOJ Rate Hike 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
BOJ Seen Moving Toward December Rate Hike as Yen Slides 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: GDP grew by 1.8 percent in Q2, up 6.7 percent from a year ago. Fixed asset investments up 6 percent from a year ago. Industrial production growth declined to 6 percent y/y in May from 6.8 percent in April. Retail sales grew by 9 percent y/y in June, up from 8.5 percent in May.
Upcoming:
- President Trump will be meeting President Putin in Helsinki today. Germany: Wholesale inflation report will be released at 6:00 GMT.
- Italy: Trade balance report for the month of May will be released at 8:00 GMT.
- Eurozone: Trade balance report will be released at 9:00 GMT.
- United States: Retail sales report will be released at 12:30 GMT, along with New York empire state manufacturing report. Business inventories report will be released at 14:00 GMT.
- New Zealand: CPI inflation report will be released at 22:45 GMT.
