Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- United Kingdom: BRC shop prices in November declined by 1.7 percent y/y.
- Australia: Third quarter GDP is down 0.5 percent, up 1.8 percent from a year ago.
Upcoming:
- China: Forex reserve data might get released today.
- Japan: Leading economic index and coincident index will be published at 5:00 GMT.
- Germany: Industrial production figure for October will be published at 7:00 GMT.
- France: trade balance figures for October will be released at 7:45 GMT.
- United Kingdom: Halifax house prices report for November will be published at 8:30 GMT, followed by manufacturing and industrial production numbers for October at 9:30 GMT. NIESR will release GDP estimate at 15:00 GMT.
- Switzerland: Forex reserve details will be published at 8:00 GMT.
- United States: MBA mortgage applications data will be published at 12:00 GMT, followed by JOLTS job reports at 15:00 GMT, and Consumer credit at 20:00 GMT.
- Canada: BoC will announce interest rate decision at 15:00 GMT.
- Japan: Third quarter GDP data will be announced at 23:50 GMT.
- Auctions: UK and Germany will auction 30-year bonds today. Spain will auction 56-month and 12-month bonds.
