India's October economic report: The full impact of the Goods and Services Tax (GST) reform on consumer behavior will become more apparent in the next two quarters.

Domestic News: 1. The Minister of Commerce held a video conference with the European Union on trade and economic issues, including those related to Nexperia. 2. The Ministry of Industry and Information Technology (MIIT) issued a notice on organizing commercial trials of satellite IoT services. 3. Hong Kong Fire Services Department: The Tai Po fire has claimed 40 lives. 4. The National Development and Reform Commission (NDRC) released the "Credit Repair Management Measures": Minor breaches of trust information will generally not be publicized. 5. The MIIT and five other departments issued the "Implementation Plan on Enhancing the Matching of Supply and Demand for Consumer Goods to Further Promote Consumption." International News: 1. Spot silver surged over 3%, reaching $53. 2. The U.S. Treasury announced the replacement index for the October CPI based on Treasury Inflation-Protected Securities (TIPS). 3. Canada reduced its steel tariff quota and imposed a 25% tariff on certain steel derivatives. 4. Canadian Prime Minister Carney: Trade negotiations with the U.S. have not yet resumed; he will meet with Trump next Tuesday. 5. Traders are increasing their bets on a larger rate cut by the Bank of England, expecting a cumulative cut of 68 basis points by the end of 2026. 6. US initial jobless claims for the week ending November 22nd totaled 216,000, the lowest level since the week ending April 12th, 2025. 7. Foreign media: The US wants Ukraine to reach a peace agreement before discussing security guarantees. 8. Russia stated it has received the "latest version" of the US peace plan for Ukraine, but it is too early to say a peace agreement is imminent. 9. The UK released its budget, allocating approximately £22 billion in fiscal surplus, higher than market expectations; the UK Office for Budget Responsibility released its economic and fiscal forecasts ahead of schedule due to technical reasons.

A spokesperson for the Polish Foreign Ministry stated: "We see no basis for closing the consulate in Russia."