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What are the main events for today?

Mexico approves tariffs as high as 50% taiff on Chinese and Asian imports

A key USMCA detail makes January 2 a day to watch

Australia November employment -21.3K vs +20.0K expected

Japan Q4 business survey index +4.7% vs +3.8%

UK RICS house price survey -16 vs -21 expected

investingLive Americas FX news wrap 10 Dec:Fed is well positioned after 25 bp cut.

Economic calendar in Asia-Pacific trade: The spotlight turns to Australian jobs

New Zealand Q3 manufacturing sales +1.1% vs -2.9% prior

White House economic advisor Hassett: Fed has plenty of room to cut rates

The Federal Reserve cuts rates by 25 basis points to 3.50% to 3.75%

Crude oil inventories see a drawdown at -1.812 million versus -2.310 million estimate