ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
This week is quite risk heavy and the focus is on the central bankers.
What to watch for over the coming days:
- Central banks:
The European Central Bank (ECB) is set to draw all the attention this week on Thursday as it announces its next moves in monetary policy. It is widely expected that the central bank would extend its bond purchase timeline, which is set to expire in March next year. The Reserve Bank of Australia (RBA) will announce interest rate decision on Wednesday. Bank of Canada (BoC) will announce its monetary policy decision on Wednesday. Ahead of next week’s meeting, several Fed speakers are scheduled to speak on Monday. New York Fed president William Dudley will speak on the macroeconomic outlook at 8:30 in New York, and an hour later, Chicago Fed president Charles Evans will speak on current economic conditions and monetary policy. Later that afternoon, St. Louis Fed president James Bullard will discuss the outlook for the US economy at a luncheon in Arizona.
- Brexit and Grexit:
European finance ministers are meeting in Brussels today to decide the future of Greek debt; whether a debt relief would be given to or not. UK Supreme court will hear the appeal from the government, which lost a case in the High court, which makes them reveal their Brexit plans before the parliament and seek parliamentary approval to trigger Article 50 of the Lisbon treaty. The hearing begins today and is expected to last 3-4 days.
