South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Dollar Eases as Middle East Conflict, Fed Outlook and Japan Pension Policy Drive FX Markets 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Third-quarter GDP up 0.6 percent, up 2.8 percent from a year ago.
Upcoming:
- Germany: October factory orders report will be released at 7:00 GMT.
- Switzerland: Consumer price inflation report for November will be released at 8:15 GMT.
- Eurozone: ECB will hold its non-monetary policy meeting today.
- United Kingdom: Markit services PMI report will be released at 9:30 GMT. ECB’s Mersch is set for a speech at 10:30 GMT.
- United States: MBA mortgage applications report will be released at 12:00 GMT. ADP employment report will be released at 13:15 GMT, followed by unit labor costs and non-farm productivity report at 13:30 GMT. TIPP economic optimism report will be released at 15:00 GMT. EIA will release its weekly oil market report at 15:30 GMT.
- Canada: Labor productivity report will be released at 13:30 GMT. BoC will announce interest rate decision at 15:00 GMT.
- Australia: AiG performance of construction index will be released at 22:30 GMT.
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