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ECB Discussion on Democracy and Inflation:

President Lagarde explores the link between inflation and democracy.
Schnabel adds insights to the discussion.

Canada’s CPI Report and Bank of Canada Decision:

Last CPI report before the upcoming Bank of Canada Decision.

China’s Smartphone Exports Decline:

Global demand shrinks; production relocates.

RBA Governor Bullock Speaking:

Important speech by Reserve Bank of Australia Governor Bullock tomorrow.

AUD Movement:

Australian dollar bid on Bullock’s speech.
RBA minutes and Chinese yuan strength impact AUD.

Yuan Reference Rate Impact:

Australian dollar jumps post strong onshore yuan reference rate setting.
PBOC sets USD/CNY central rate below estimates.

USD/JPY Decline:

USD/JPY extends lower, approaching 148.00.

RBA Minutes Insights:

RBA minutes reveal intense focus on inflation and associated risks.
Bullock expresses increasing optimism about the labor market.

Crude Oil Developments:

UAE to increase oil output target from January.
JP Morgan predicts flat Brent crude prices in 2024 at $83/barrel.

China’s Property Developer Funding:

Chinese authorities curate funding list amid growing default risks.

Market Movements:

USD weakens as rates ease, boosting stock prices.
Barclays forecasts higher 2024 European equity prices.

New Zealand Trade Data:

Rising exports reported in New Zealand’s October trade data.

Australian Consumer Confidence:

Weekly consumer confidence in Australia records one of its 10 worst results since COVID.

Global Economic Outlook:

Analysts anticipate receding rates pressure, influencing European equity prices.

Overall Market Summary:

Summary of key market movements, including stock uptick and USD decline.

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