BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
RBA Reassesses Pricing Behaviors and Policy Impact Amid Inflation Pressures 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
BOJ Signals Imminent Interest Rate Hike Amid Strengthening Economic Conditions 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Lots of economic dockets scheduled for today and some with high volatility risks associated.
Data released so far:
- New Zealand: ANZ business confidence declined to 16 in June from 20.2 in May. ANZ activity outlook for July declined to 31.4 percent from 35.1 percent.
- Australia: Producer price index by 1 percent y/y in second quarter. Private sector credit growth declined to 6.2 percent y/y in May, down from 6.5 percent in April.
- Japan: Vehicle production declined 1 percent y/y in July. BOJ kept rates and QE on hold but increases US dollar lending program to $24 billion and purchase targets of ETFs from ¥3.3 trillion to ¥6 trillion.
Upcoming:
- Japan: Housing starts data will be released at 5:00 GMT, along with construction orders.
- France: Second quarter flash GDP will be released at 5:30 GMT. Consumer spending and CPI inflation data to be released at 6:45 GMT.
- Germany: Retail sales for June will be released at 6:00 GMT.
- Spain: Second quarter GDP and HICP inflation for July and current account balance for May will be released at 7:00 GMT.
- Switzerland: KOF leading indicator for July will be released at 7:00 GMT.
- Italy: Unemployment report for June will be released at 8:00 GMT. Producer and consumer price inflation will be released at 9:00 GMT.
- United Kingdom: Money supply and consumer credit data will be published at 8:30 GMT.
- Greece: Retail sales for May and Producer price inflation for June is scheduled for release at 9:00 GMT.
- Eurozone: Second quarter GDP estimate and consumer price inflation will be released at 9:00 GMT.
- United States: Second quarter flash GDP and PCE inflation will be reported at 12:30 GMT, followed by Chicago PMI at 13:45 GMT and Michigan consumer sentiment at 14:00 GMT.
- Canada: GDP for May is scheduled at 12:30 GMT, along with raw material price and industrial product price.
