RBA Assistant Chairman Kohler: There is no doubt that overnight lending rates are at restrictive levels.

RBA Assistant Chairman Kohler: I don’t think productivity will increase significantly.

RBA Assistant Chairman Kohler: It is encouraging that measures of medium-term inflation expectations are consistent with the target.

RBA Assistant Chairman Kohler: The key risk is that the current high inflation may lead to an increase in inflation expectations.

RBA Assistant Chairman Kohler: Wage growth has accelerated, but now appears to have basically stabilized.

RBA Assistant Chairman Kohler: Still strong demand levels enable businesses to pass on cost increases.

Kohler, Assistant Chairman of the Reserve Bank of Australia: Domestic inflation is widespread and declining slowly.

RBA Assistant Chairman Kohler: It may take longer to bring inflation back to target.

RBA Assistant Chairman Kohler: Inflation is falling more slowly than previously expected.

Futures on the three major U.S. stock indexes opened slightly lower on Monday, with S&P 500 futures falling 0.17%.

Spot gold and WTI crude oil futures opened almost flat on Monday, with the latest prices at $1,938.63/ounce and $77.26/barrel respectively.

The United States has conducted two airstrikes against Iran-aligned groups in Syria, U.S. officials said. One of the targets was a command and control facility and the other was a weapons storage facility.

White House: US President Joe Biden discussed the need for increased aid to Gaza with the Emir of Qatar, with the two sides discussing the urgent need to secure the release of more hostages.

Kuwait Integrated Petroleum Industries Company (KIPIC) said it suffered a sudden interruption in fuel and natural gas supplies to its Al-Zour refinery due to a defect in one of its main valves. The process of restarting the refinery has begun and may take up to 10 days to return to normal production capacity.

Market news: It is reported that Boeing (BA.N) is about to reach a large order for 777X aircraft with Emirates Airlines. As part of the deal, Emirates will hand over some 787 aircraft to flydubai. Emirates is still negotiating an A350 deal with Airbus.

Sources: The leaders of the United States and Indonesia will discuss a possible future electric vehicle-related mining agreement on Monday.

WHO Director-General Tedros Adhanom Ghebreyesus: WHO has been in contact with medical professionals at Al Shifa Hospital in Gaza.

Data released by the Central Bank of Egypt on November 12 showed that Egypt’s annual core inflation rate slowed to 38.1% in October from 39.7% in September.

Palestinian officials: Hamas has suspended hostage negotiations over Israeli military mishandling of Al Shifa hospital.

Israeli Prime Minister Netanyahu: Israel wants to transfer patients from Al Shifa Hospital.