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NEW: 🇺🇸 US Treasury Secretary Bessent stated the US expects Japan to cease all Russian energy imports.
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NEW: 🇺🇸 Peter Thiel's Erebor Bank received preliminary conditional approval from the OCC, signaling less restrictive banking for crypto-linked institutions.
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NEW: 🇯🇵 The Bank of Japan's most hawkish board member called for an interest rate hike amid persistent price risks.
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NEW: 🇺🇸 US Treasury Secretary Bessent publicly called China’s trade negotiator an "unhinged" wolf warrior.
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NEW: 🇮🇳 India stated that discussions are only ongoing regarding President Donald Trump's claim that PM Modi assured a halt to Russian oil purchases.
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NEW: 🇸🇬 Singapore's wealth fund accused EV maker company Nio Limited of inflating revenue.
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NEW: 🇮🇳 Indian refiners plan to reduce purchases of Russian oil following comments from President Trump.
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🕒 Economic Releases (6)
• 🇬🇧 06:00 AM GDP MoM 0.1% prev -0.1% fcst 0.1% rev ®
• 🇬🇧 06:00 AM GDP 3-Month Avg 0.3% prev 0.2% fcst 0.2% cons 0.3%
• 🇬🇧 06:00 AM Goods Trade Balance £-21.18B prev £-20.65B fcst £-22.1B cons £-22B rev ®
• 🇬🇧 06:00 AM Goods Trade Balance Non-EU £-8.29B prev £-8.8B fcst £-10.1B rev ®
• 🇬🇧 06:00 AM Industrial Production MoM 0.4% prev -0.4% fcst 0.5% cons 0.2% rev ®
• 🇬🇧 06:00 AM Manufacturing Production MoM 0.7% prev -1.1% fcst 0.7% cons 0.4% rev ®
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• 🇬🇧 06:00 AM GDP MoM 0.1% prev -0.1% fcst 0.1% rev ®
• 🇬🇧 06:00 AM GDP 3-Month Avg 0.3% prev 0.2% fcst 0.2% cons 0.3%
• 🇬🇧 06:00 AM Goods Trade Balance £-21.18B prev £-20.65B fcst £-22.1B cons £-22B rev ®
• 🇬🇧 06:00 AM Goods Trade Balance Non-EU £-8.29B prev £-8.8B fcst £-10.1B rev ®
• 🇬🇧 06:00 AM Industrial Production MoM 0.4% prev -0.4% fcst 0.5% cons 0.2% rev ®
• 🇬🇧 06:00 AM Manufacturing Production MoM 0.7% prev -1.1% fcst 0.7% cons 0.4% rev ®
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NEW: 🇹🇼 Company Taiwan Semiconductor Manufacturing Co. hit a new record as profit surged 39.1% in the third quarter due to AI chip demand.
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NEW: 🇵🇰 Pakistan secured an IMF bailout tranche of $1.2 billion aimed at increasing macroeconomic stability and market confidence.
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NEW: 🇺🇸 Rare earths tensions are escalating as the US and China exchange trade barbs over critical minerals.
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NEW: 🇺🇸 The Trump Administration is reportedly taking equity stakes in American companies.
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NEW: 🇨🇳 China is restricting rare earth exports in a move mirroring US technology controls.
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NEW: 🇺🇸 President Donald Trump plans to use armed IRS agents as part of a campaign targeting “left-leaning” groups.
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