The economic calendar is filled with various data releases and statements from Japan, New Zealand, Turkey, and Europe. Early in the day, Japan’s September current account figures were released. Seasonally adjusted data came in at 127.17 trillion yen, far exceeding expectations (2.80 trillion yen) but showing a decline from the previous month (314.59 trillion yen). The unadjusted current account was 1.717 trillion yen, reflecting changes in Japan’s trade balance. In New Zealand, quarterly inflation expectations were reported at 2.1%, slightly above the previous quarter’s 2.0%, indicating a limited rise in inflation outlook. In Turkey, the September unemployment rate will be released at 10:00 AM, with markets watching closely to see any change from the previous level of 8.5%. In Europe, ECB Board Member McCaul is scheduled to speak at 11:10 AM, followed by Bundesbank Board Member Balz at 9:00 PM, potentially offering insights into the Eurozone’s economic and monetary policies. Overall, today’s data and speeches provide essential information about the economic outlook of these countries, serving as a guide for investors and economists. Japan’s current account data and Turkey’s unemployment rate are among the key indicators being closely monitored.
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