Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
In terms of data and events, this week is extremely risk heavy, especially with looming Fed and BoJ.
What to watch for over the coming days:
- US earnings season:
Earnings season in the United States will keep weighing on the movement of S&P 500 benchmark. Investors are likely to keep a close watch since good earnings will indicate continued recovery and would be considered good for global assets as well as hiring in the United States.
- US Presidential Election:
After last week’s tumultuous GOP convention, which saw protests against Donald Trump, Melania Trump’s speech writer using Michelle Obama’s wordings, Ted Cruz refusing to endorse Trump, and many absentees, the focus for this week is on Democratic convention which has already began with a fresh email scandal that has led to the resignation of the head of the Democratic Party.
- Fed monetary policy:
U.S. Federal Reserve will hold its first monetary policy meeting this week and will announce its decision on Wednesday. It is widely expected that Fed would refrain from hiking rates at this meeting, however, the wordings would be closely scrutinized for the future hint.
- BoJ monetary policy:
This is the biggest event of the week and it’s on Friday. Bank of Japan (BoJ) will deliver its much-awaited monetary policy on Friday at Asian hours of trading. The Japanese yen has weakened around 700 pips in anticipation of policy actions from BoJ, so if the central bank disappoints, it could turn out as violent Friday especially for Japanese assets.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
