Global Weekly Economic Preview: Fed signals, PMIs and central banks in focus

Global markets face a busy week, with monetary policy, inflation concerns, Middle East developments and trade remaining key drivers of sentiment. Investors will closely track major economic releases across the US, Europe and Asia, while several central banks are scheduled to announce policy decisions. The highly anticipated Trump-Xi meeting will also remain in focus, particularly on trade and AI-related developments.

US: US markets will focus on durable goods orders, new home sales and flash September PMIs, alongside appearances from several Federal Reserve officials for further clues on the monetary policy outlook. The second-quarter current account, Chicago Fed National Activity Index, regional Fed surveys and final Michigan consumer sentiment will also be released. In the Americas, Mexico’s central bank will announce its policy decision, while inflation data from Mexico and Brazil and Canadian retail sales will also be watched.

Europe: Flash PMI readings from the Euro Area, Germany, France and the UK will headline the European calendar, offering fresh insight into manufacturing and services activity. Germany’s Ifo Business Climate Index and consumer-confidence readings will provide further clues on economic momentum, while UK borrowing and retail indicators will also draw attention. Central banks in Sweden, Switzerland and Norway are due to announce monetary policy decisions.

Asia: China’s PBOC is expected to keep its one- and five-year loan prime rates unchanged, while Japan will release preliminary September PMIs. India will publish infrastructure output and flash PMIs, while Australia’s labour-force report and PMIs will be closely watched. Bank Indonesia will announce its policy decision, with inflation and trade data also due across Singapore, Hong Kong and Thailand.

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