Download App

[This Week's Preview: Focus on Bank of England and Australian Bank Decisions and Global PMI Data] 1. This week, the focus of financial markets will be on the interest rate decisions of the UK, Australia, Sweden, and Norway, while a flurry of global Purchasing Managers' Index (PMI) data will also be released. 2. The US government shutdown continues to delay the release of key data such as the October jobs report. Investors are turning their attention to ADP employment changes, ISM and S&P Global PMIs, as well as the University of Michigan consumer confidence and inflation expectations to assess the economic pulse. 3. Several high-ranking Federal Reserve officials, including Williams, Musalaim, Cook, Daly, Bowman, Waller, Hammark, and Vice Chairman Jefferson, will speak intensively. The US Supreme Court will begin hearings on the legality of Trump's tariffs on Wednesday, with no ruling expected in the short term. 4. A survey shows that 53 economists expect the Bank of England to keep interest rates unchanged at 4.0% on Thursday, but stable inflation in September has paved the way for a rate cut in December. The monetary policy report and summary are highly anticipated, with only the final October PMI reading remaining for the UK. 5. The Reserve Bank of Australia is expected to keep its interest rate at 3.60% on Tuesday, as a surprise jump in core inflation in the third quarter has hampered short-term easing. Household spending and trade data will be released this week. 6. Swedish central bank governor Thünden hinted that interest rates will remain stable for an extended period, with the market widely expecting the policy rate to remain at 1.75% on Wednesday. The Norwegian central bank, despite easing inflation, is expected to maintain its rate at 4.0% and slow the pace of rate cuts. 7. The Eurozone is relatively quiet this week, with only final PMI readings, retail sales, German factory orders, and industrial production data released. ECB President Lagarde will speak on Tuesday.