Bank of Japan policy board member Junko Nakagawa: The Bank of Japan will consider the still high level of uncertainty surrounding trade policy and make appropriate policy decisions.

1. Monday: ① Data: Eurozone November Sentix Investor Confidence Index. ② Events: Bank of Japan releases summary of opinions from October Monetary Policy Committee members; domestic refined oil prices will be adjusted again. 2. Tuesday: ① Data: Japan September Trade Balance; UK September 3-month ILO Unemployment Rate, UK October Unemployment Rate, UK October Jobless Claims; Germany November ZEW Economic Sentiment Index; Eurozone November ZEW Economic Sentiment Index; US October NFIB Small Business Confidence Index. 3. Wednesday: ① Data: Germany October CPI Final Reading. ② Events: FOMC permanent voting member and New York Fed President Williams speaks; 2026 FOMC voting member and Philadelphia Fed President Paulson speaks on fintech; US Treasury Secretary Bessant speaks; OPEC releases monthly oil market report. 4. Thursday: ① Data: US 10-year Treasury auction data to November 12; US API crude oil inventories for the week ending November 7; Australia's October seasonally adjusted unemployment rate; UK Q3 GDP annual rate (preliminary); UK September three-month GDP monthly rate; UK September manufacturing output monthly rate; UK September seasonally adjusted goods trade balance; UK September industrial production monthly rate; Eurozone September industrial production monthly rate; US October unadjusted CPI annual rate; US October seasonally adjusted CPI monthly rate; US initial jobless claims for the week ending November 8; US October seasonally adjusted core CPI monthly rate; US October unadjusted core CPI annual rate (to be confirmed). ② Events: EIA releases monthly Short-Term Energy Outlook report; Atlanta Fed President Bostic, a 2027 FOMC voting member, speaks; Bank of Canada releases minutes of its October monetary policy meeting; IEA releases monthly oil market report. ③ Financial Reports: SMIC, JD.com, Tencent Holdings, Bilibili. 5. Friday: ① Data: US EIA crude oil inventory data for the week ending November 7; China's October retail sales year-on-year, China's October industrial value-added year-on-year; France's final October CPI month-on-month rate; Eurozone's revised Q3 GDP year-on-year rate, Eurozone's final Q3 seasonally adjusted employment rate, Eurozone's September seasonally adjusted trade balance; Canada's September wholesale sales month-on-month rate; US EIA natural gas inventory data for the week ending November 7; US October retail sales month-on-month rate, US October PPI year-on-year rate, US October PPI month-on-month rate, US September business inventories month-on-month rate (to be determined). ② Events: 2025 FOMC voting member and St. Louis Fed President Musaleem speaks on monetary policy; 2026 FOMC voting member and Cleveland Fed President Hamack participates in a fireside chat; the National Bureau of Statistics releases monthly reports on residential sales prices in 70 major and medium-sized cities; the State Council Information Office holds a press conference on the national economic situation; 2027 FOMC voting member and Atlanta Fed President Bostic speaks; 2025 FOMC voting member and Kansas City Fed President Schmid speaks on the economic outlook and monetary policy; the National Energy Administration releases data on total electricity consumption around the 15th of each month. 6. Saturday: ① Data: Total number of oil rigs in the US for the week ending November 14. ② Events: 2026 FOMC voting member and Dallas Fed President Logan participates in a fireside chat; 2027 FOMC voting member and Atlanta Fed President Bostic attends a meeting and participates in a dialogue.

House Democratic Leader Jeffries: Democrats will oppose Republican bills in the House.