- Asian Stock Markets : Nikkei down 0.03%, Shanghai Composite down 0.98%, Hang Seng down 1.76%, ASX up 0.07%
- Commodities : Gold at $1787.90 (-0.31%), Silver at $24.01 (-0.33%), Brent Oil at $84.71 (-1.10%), WTI Oil at $83.39 (-1.49%)
- Rates : US 10-year yield at 1.605, UK 10-year yield at 1.065, Germany 10-year yield at -0.151
News & Data:
- (AUD) Trimmed Mean CPI q/q 0.70% vs 0.50% expected
- (AUD) CPI q/q 0.80% vs 0.80% expected
- (USD) CB Consumer Confidence 113.8 vs 108.4 expected
- (USD) Richmond Manufacturing Index 12 vs 4 expected
Asian stocks ended broadly lower on Wednesday as inflation worries persisted and investors awaited the Bank of Japan (BOJ) and European Central Bank (ECB) policy meetings for directional cues. U.S.-China tensions also remained on investors’ radar after the U.S. licence of one of China’s biggest telecoms companies was revoked, citing national security concerns.
Australian stocks fluctuated before ending on a flat note after data showed Australian core inflation jumped to a six-year high in the third quarter. Kiwi stocks ended lower after a survey showed business confidence fell in October as a result of cost and inflation pressures. Japanese shares ended on a subdued note amid uncertainty heading into the general election. Chinese shares fell sharply amid heightened U.S.-China tensions over Taiwan.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.865 following a recent surge to levels around 94.
- 12:30 PM GMT – (USD) Core Durable Goods Orders m/m
- 12:30 PM GMT – (USD) Durable Goods Orders m/m
- 02:00 PM GMT – (CAD) BOC Rate Statement
- 02:00 PM GMT – (CAD) Overnight Rate
- 02:30 PM GMT – (USD) Crude Oil Inventories
- 03:00 PM GMT – (CAD) BOC Press Conference