CAD

Nvidia huge beat. Q3 revenue of $57bn, strong data-centre growth. Guided Q4 revenue to about $65bn and said demand for Blackwell and cloud GPUs is “off the charts.” Nvidia now has visibility to $500bn in next-gen chip revenue through 2026.

PBOC is expected to set the USD/CNY reference rate at 7.1201 – Reuters estimate

UK consumer confidence sharpest fall since April, with economic expectations dropping to –44% and personal-finance sentiment to –16%, the BRC said. Income-tax fears and cost pressures weighed on households ahead of Christmas. Budget due Nov. 26.

Barclays raised its 2026 S&P 500 target to 7,400, citing megacap tech strength and support from Fed rate cuts. But the bank warned of risks from higher inflation, rising unemployment and weak consumer sentiment, especially outside tech.

Japan vows ‘urgent’ market watch as yen weakens on expectations of huge stimulus. Japan and the yen is the comedy channel.

APRA warned Australia’s major banks not to weaken mortgage standards as rates fall & competition rises. A system-wide stress test showed banks & super funds are resilient, but APRA said high household debt makes strict lending crucial for stability.

Trump is considering an executive order to challenge state AI laws by creating an “AI Litigation Task Force” and potentially tying broadband funding to compliance with federal priorities, according to a draft seen by Reuters.