Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
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.
