Morning Outlook: Sectoral Inflation Expectations, Fed Minutes, and U.S. New Home Sales in Focus

Forex - Today, there is no significant data expected domestically other than "Sectoral Inflation Expectations." Abroad, in addition to the minutes of the Federal Reserve's (Fed) interest rate meeting, S&P Case Shiller home prices, new home sales, Richmond Fed manufacturing index, and Conference Board consumer confidence index will be monitored.

• Featured Headlines - President Recep Tayyip Erdoğan stated, "The International Criminal Court's issuance of an arrest warrant for Israeli Prime Minister Netanyahu and former Defense Minister Gallant is a very bold step in that direction. The noose around Netanyahu and his massacre gang is tightening. We support this courageous decision taken by the International Criminal Court." Lebanese media claimed that US President Joe Biden and French President Emmanuel Macron would announce a ceasefire between Israel and Hezbollah within 36 hours. US State Department spokesman Matthew Miller said that a ceasefire between Israel and Hezbollah in Lebanon is close but an agreement has not been reached yet. Italian Foreign Minister Antonio Tajani stated that the G7 countries are seeking an agreement on the implementation of the International Criminal Court's (ICC) arrest warrant against Israeli Prime Minister Benjamin Netanyahu. US elected President Donald Trump announced plans to impose a 25% tariff on goods from Mexico and Canada and a 10% tariff on imports from China in response to illegal drug trafficking and immigration. Minneapolis Fed President Neel Kashkari expressed openness to lower interest rates again next month. Gabriel Makhlouf, Governor of the Central Bank of Ireland and ECB Governing Council member, said he is "increasingly confident" that the European Central Bank (ECB) will reach its target inflation rate of 2% next year. Following elected President Donald Trump's pledge to impose comprehensive tariffs on goods from China and other countries in response to illegal drug trafficking and immigration, China warned that "nobody can win a trade war."
• Corporate News - European Investment (IS:AVHOL) Holding has decided to sell Ege Karma Kauçuk for 68 million TL. European Investment Holding has decided to establish ALS Renewable Energy through its subsidiary. European Investment Holding decided to establish a company in Romania. Mega Polyethylene (IS:MEGAP) has created a new brand named AFLOOW. ŞOK Markets, in collaboration with the European Bank for Reconstruction and Development (EBRD) and Akbank (IS:AKBNK), launched a Supply Chain Financing program to support suppliers in the earthquake-affected area. In a statement from TÜPRAŞ, it was announced that the fire at the İzmir Refinery has been brought under control and extinguished, and no employees were affected by the incident.
• Domestic Agenda - The Central Bank of the Republic of Turkey (CBRT) will announce the results of "Sectoral Inflation Expectations" (10:00). CBRT President Fatih Karahan is expected to hold a meeting with bank executives today.
• International Agenda - The Bank of Japan (BoJ) will publish its core inflation measure calculated based on consumer price data announced by the government for October (08:00). Swedish Central Bank (Riksbank) Deputy Governor Anna Seim will discuss the concept of neutral interest rates and how the Riksbank views it (10:30). Hong Kong's October trade figures will be announced (11:30). Finnish Central Bank President Olli Rehn will speak at a public session in parliament (13:00). Germany's Treasury will announce the results of a 5-year bond auction (14:00). Before Brazil, FGV's construction sector confidence index and construction cost index data will be released, followed by inflation figures for the first 15 days of November (14:00, 15:00). Final figures for building permits in the US for October will be released (15:00). German Economy and Energy Minister Robert Habeck will speak at the Solar PLUS Forum (16:00). Bank of Canada (BoC) Deputy Governor Rhys Mendes will speak at the Greater Charlottetown Chamber of Commerce (16:20). Regional indexes from the US will publish Philadelphia Fed non-manufacturing activity indexes (16:30). Two housing data will come from the US; the FHFA house price index and S&P Case Shiller home prices for September will be published (17:00). US new home sales for October, Richmond Fed manufacturing index, Conference Board consumer confidence index, and Dallas Fed Texas services sector activity index data will be released (18:00, 18:30). The US Treasury will announce the results of a 5-year bond auction (21:00). The US Federal Reserve (Fed) will release M1 and M2 money supply data for October (21:00). The US Federal Reserve (Fed) will disclose the minutes of the FOMC meeting held on November 6-7 (22:00).