BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
BOJ Signals Imminent Interest Rate Hike Amid Strengthening Economic Conditions 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
Lots of economic data and events scheduled for today, and some with high volatility risks associated. U.S. market is closed today to honor the passing away of former President George W Bush.
Data released so far:
- Australia: Q3 GDP came at 2.8 percent y/y, lower than the expectation of 3.3 percent and lower than 3.1 percent growth in the last quarter.
- Japan: Markit services PMI decline marginally to 52.3 in November.
- China: Caixin services PMI rose sharply to 53.8 in November.
Upcoming:
- Spain: October industrial output report will be released at 8:00 GMT. Services PMI report will be published at 8:15 GMT.
- Eurozone: ECB president Draghi is set for a speech at 8:30 GMT.
- Italy: Services PMI report will be published at 8:45 GMT.
- France: Services PMI report will be published at 8:50 GMT.
- Germany: Services PMI report will be published at 8:55 GMT.
- Eurozone: Services PMI report will be published at 9:00 GMT, followed by the October retail sales report at 10:00 GMT.
- United States: MBA mortgage application report will be published at 12:00 GMT. Fed’s Quarles is set for a speech at 13:15 GMT. Federal Reserve will release its Beige Book report at 19:00 GMT.
- Canada: Bank of Canada (BoC) will announce rate decision at 15:00 GMT.
