Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Lots of economic dockets scheduled for today and some with high risks associated.
Data released so far:
- Australia: Westpac leading index remained flat for August.
Upcoming:
- Japan: Bank of Japan (BoJ) will announce monetary policy sometime during Asian hours.
- Eurozone: ECB will hold non-monetary policy today at 7:00 GMT.
- United Kingdom: Public sector net borrowing data for August will be reported at 8:30 GMT. BoE will release quarterly bulletin at 11:00 GMT.
- United States: MBA mortgage applications data will be reported at 11:00 GMT, followed by FOMC interest rate decision at 18:00 GMT. EIA will announce monetary policy decision at 14:30 GMT.
- Switzerland: SNB will release third quarter economic bulletin at 13:00 GMT.
- Canada: Wholesale sales report will be published at 12:30 GMT, for the month of July.
- New Zealand: RBNZ will announce interest rate decision at 21:00 GMT.
