South Korea Service Sector Output declined to -0.6% in October from previous 1.8%

New Zealand ANZ – Roy Morgan Consumer Confidence increased to 98.4 in November from previous 92.4

External Bank of England (BoE) MPC Member Megan Greene spoke at the Goodbody Annual Equity Conference in Dublin on Thursday. She said that although inflation has stabilized, her big concern is around second-round effects.

The Economist described it as a ‘bodge-it budget’ that doesn’t give Britain what it needs. The FT calls it a ‘Spend now, pay later’ budget, which merely delays fiscal pain. The Guardian calls it a ‘live now, pay later’ budget and wonders what happens when ‘later’ arrives.

Canada Current Account came in at -9.68B, above forecasts (-16.5B) in 3Q

Russia Central Bank Reserves $ down to $729.1B from previous $734.1B

The account of the European Central Bank’s (ECB) monetary policy meeting held in Florence on 29-30 October shows that policymakers judged the economic and inflation outlook to be largely consistent with the September projection baseline, with uncertainty still elevated.

Mexico Trade Balance, $ registered at $0.606B above expectations ($-0.45B) in October

Mexico Trade Balance s/a, $ rose from previous $-0.831B to $1.411B in October

Belgium Consumer Price Index (YoY): 2.4% (November) vs 2%

Belgium Consumer Price Index (MoM): 0.56% (November) vs 0.36%

Italy 5-y Bond Auction fell from previous 2.75% to 2.74%

Italy 10-y Bond Auction: 3.44% vs previous 3.46%

This week’s US Dollar (USD) pullback reflects Fed-driven rate expectations rather than geopolitical shifts, while thinner Thanksgiving liquidity may set the stage for potential USD/JPY intervention, ING's FX analyst Francesco Pesole notes.

Eurozone Consumer Confidence in line with expectations (-14.2) in November

Italy Industrial Sales n.s.a. (YoY): 3.4% (September) vs -0.1%

Italy Industrial Sales s.a. (MoM): 2.1% (September) vs -0.7%

South Africa Producer Price Index (MoM) remains unchanged at -0.1% in October

Portugal Consumer Confidence rose from previous -15.9 to -15.2 in November

Portugal Business Confidence increased to 3 in November from previous 2.9

South Africa Producer Price Index (YoY) up to 2.9% in October from previous 2.3%

EUR/CAD extends its losses for the second successive session, trading around 1.6260 during the European hours on Thursday.

Markets are pricing in a near-certain 25bp Fed cut in December, influenced by dovish Fed chatter and signs of a slowing US economy, while the US Dollar (USD) shows mixed reactions.

Eurozone Private Loans (YoY) above forecasts (2.6%) in October: Actual (2.8%)

Italy Consumer Confidence came in at 95 below forecasts (97.6) in November

Italy Business Confidence came in at 89.6, above forecasts (88.5) in November

Turkey Trade Balance fell from previous -6.9B to -7.58B in October

Turkey Economic Confidence Index: 99.5 (October) vs 98.2

Sweden Trade Balance (MoM) down to 1.5B in October from previous 5.4B

Germany GfK Consumer Confidence Survey meets forecasts (-23.2) in December