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 1.2717 trillion yen, far exceeding expectations of 2.80 trillion yen, but reflecting a decline from the previous month’s 3.1459 trillion yen. The unadjusted current account stood at 1.717 trillion yen, highlighting 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 modest rise in the inflation outlook.
In Turkey, the September unemployment rate is set to be released at 10:00 AM, with markets watching closely for any changes 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.
Outlook:
Today’s data and speeches are expected to provide essential insights into the economic outlook of these regions, serving as a guide for investors and economists. Key indicators, such as Japan’s current account data and Turkey’s unemployment rate, are being closely monitored for their potential market impact.
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