Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis 
Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market 
RBNZ Raises Interest Rates to 2.50%, Signals More Tightening as Inflation Risks Persist 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
Cuba Power Outage Sparks Havana Protests as Fuel Crisis Deepens 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone 
China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share 
Asia Stocks Fall as Samsung Earnings Fail to Ease AI Valuation Concerns 
Gold Price Drops as Strong Dollar and Fed Rate Outlook Weigh on Bullion 
Not many economic dockets scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: HIA new home sales rose by 2.7 percent in October. Producer price index for third quarter came at 0.3 percent q/q and 0.5 percent y/y.
Upcoming:
- France: Third quarter GDP numbers will be released at 5:30 GMT. Producer prices, consumer spending and flash CPI will also be released at 6:45 GMT.
- Spain: HICP for October will be announced at 7:00 GMT, along with estimated third quarter GDP data.
- Switzerland: KOF leading indicator for October will be reported at 7:00 GMT.
- Eurozone: Eurozone sentiment report will be published at 9:00 GMT.
- Spain: Unemployment survey for the third quarter will be released at 7:00 GMT.
- Eurozone: Private loans and money supply data for September will be reported at 8:00 GMT.
- Germany: Consumer price index and HICP inflation figure for October will be released at 12:00 GMT.
- United States: Third quarter GDP figure will be released at 12:30 GMT, followed by Michigan consumer sentiment index at 14:00 GMT.
- Auction: Italy will auction 5-year and 10-year bond today.
