That fits with market expectations for the most part
I don’t think OPEC+ is rushing to make any changes to its output policy and they will have another look at things next year as they reassess the global outlook.

USD/CAD moves up to 1.2570, its highest since 7 October, and threatens a break of its 100-day moving average
Commodity currencies are bearing the brunt of the drop in the FX space today, being punished with the dollar pushing higher; even though the greenback’s advance against the euro and pound has been trimmed in the past

Gold up 0.7% to $1,862 on the day
Amid the reaction to the US CPI data yesterday, gold managed a big technical breakout to its highest levels since mid-June as real yields tumbled to fresh record lows. And so far today, gold buyers are building on that as price pushes higher in European trading.

The EU releases its latest projections on the euro area economy
On the economic outlook, the Commission noted that the new headwinds are mounting as supply-side challenges continue to persist and surging energy prices look set to weigh on consumption and investment.

ECB remarks in its latest economic bulletin
First, energy prices – especially for oil, gas and electricity – have risen sharply. In September, energy inflation accounted for about half of overall inflation. Second, prices are also going up because recovering demand related to the reopening of the economy is outpacing supply. These dynamics are especially visible

Reuters reports, citing sources with knowledge of the matter

The weekly initial jobless claims report is brought forward to today
There will be no economic releases as well, so that means the data for tomorrow i.e. weekly initial jobless claims, is brought forward to today.

Just another data point to fight over without any real answers for now
The estimate is for headline annual inflation to keep at the highs, at +5.3% y/y in October while core inflation is estimated to hold at +4.0% y/y.

The latest projections by the economic advisers to the German government
– 2021 GDP seen at +2.7% (previously +3.1%)
– 2022 GDP seen at +4.6% (previously +4.0%)
Their previous projections came in March, so that is pretty much irrelevant at this stage considering the change in circumstances over the past few months especially amid supply bottlenecks and rising

According to sources cited by Chinese media outlet, Cailianshe
It is reported that some Chinese state-owned firms have told regulators to consider adjusting the ‚three red lines‘ on lending restrictions to property developers in order to facilitate mergers and acquisitions within the space.