Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
US Dollar Rises as Fed Rate Outlook Stays Hawkish, Euro Slips and Yen Near 40-Year Low 
This week is a quite heavy with volatility risks, both in terms of data and events.
What to watch for over the coming days:
- Central banks:
Bank of Canada (BoC) will announce monetary policy decision on Wednesday. European Central Bank (ECB) will announce interest rate decision on Thursday. FOMC member Kashkari is scheduled to speak on Thursday.
- Key economic data:
Australia’s CPI inflation report will be released on Wednesday. UK’s third-quarter GDP numbers will be released on Wednesday. Japan’s Inflation report will be released on Thursday. U.S. third-quarter GDP report will be published on Friday.
- Geopolitics:
Catalonia’s regional parliament will convene on Thursday to decide further action. The Spanish government is expected to revoke Catalonia’s autonomy on Friday. Trump might announce his pick for next Fed chair this week.
- US earnings:
U.S. September S&P earnings season is set to continue this week with 189 companies reporting Q3 results. Big names include Alphabet, Microsoft, Amazon, Intel, Hasbro, Halliburton, Eli Lilly, United Technologies, Lockheed Martin, Boing, Ford, Chipotle and McDonald’s.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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