Weekly Global Economic Preview: ECB, Fed speeches, and durable goods data set to steer global sentiment

Global markets are bracing up for a high-stakes week as trade negotiations and corporate earnings dominate the spotlight. Investors will closely track potential US trade agreements while earnings season heats up with Alphabet, Tesla, and IBM among key players set to release results. In the US, durable goods orders, flash S&P Global PMIs, and housing data will guide sentiment, alongside a pivotal speech from Fed Chair Jerome Powell.

Europe’s focus will shift to the ECB’s policy stance and improving economic sentiment. Flash PMIs for the Eurozone, Germany, and the UK are expected to signal moderate recovery, while Germany’s GfK and Ifo indices are forecast to hit multi-month highs. The UK’s retail sales data and consumer confidence readings across the bloc will also be closely watched. Meanwhile, Turkey and Russia are poised to cut rates, with a sharp 250 bps easing move expected from Ankara.

In Asia-Pacific, a mix of economic signals will drive market moves. China’s PBoC is likely to maintain current lending rates, while industrial profit data and Japan’s Tokyo CPI will offer insights into regional growth and inflation trends. India’s infrastructure output, PMI readings, and South Korea’s GDP estimate will be in focus, while the RBA’s latest minutes and Australian PMIs will shape expectations for future rate decisions.

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