Weekly Global Economic Preview: Markets brace for Fed and ECB Decisions, GDP data and mega-cap earnings

Global markets enter a pivotal week as investors track Middle East developments and potential oil supply disruptions, alongside a packed calendar of central bank decisions, economic releases and corporate earnings. The Federal Reserve, European Central Bank and Bank of Japan are among the major central banks announcing policy decisions, while preliminary third-quarter GDP figures from the US and Eurozone, US PCE inflation and key European inflation data will shape the economic outlook. In corporate markets, earnings from technology giants Microsoft, Alphabet and Amazon will take centre stage. Political developments, including the UK Autumn Budget, China’s Communist Party plenum and elections in Brazil and Israel, will also influence sentiment.

Americas: The US economic calendar features third-quarter GDP, PCE inflation, consumer confidence and durable goods orders, while the Federal Reserve is widely expected to hold interest rates steady. Canadian GDP and the Bank of Canada’s policy decision will also draw attention, alongside Mexico’s growth data and Brazil’s presidential runoff election.

Europe: The ECB is expected to keep rates unchanged, while the UK Autumn Budget will be closely scrutinised for its fiscal and energy-support measures. Eurozone GDP, preliminary inflation readings across major economies, German business sentiment and regional labour market data will provide fresh insights into the region’s economic momentum.

Asia-Pacific: Markets will watch China’s Communist Party plenum and manufacturing PMIs for policy signals, while the BoJ’s rate decision, Tokyo inflation and Australia’s CPI will guide expectations for regional monetary policy. India’s industrial production, South Korea and Taiwan’s GDP figures, and policy decisions from the Reserve Bank of New Zealand and Bank of Thailand round out the key regional events.

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